Wow did we see a blowout to the downside the past 24 hours on the 5 min, 1hr, 4 hr bars after testing 61% retracement from the lows. If we fail to hold the $917 ish on the daily bar, we are breaking the bottom support of the cloud and risk a cascade downward. However, there is massive support at the $880 ish level prior to that. Breaking that could provoke more downward momentum. Bouncing off the $917ish we can see a crawl back up to test the $970's and maybe test the psychological 1000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.