MA50 broke MA100 - this is not a good sign. To a greater extent reflects a downtrend.
Scenario 1: When the channel is broken, there will be an increase to 177 - 179. After the new consolidation is about 180-185, there are likely to be many there who will sell.
Scenario 2: Perhaps after breaking through local support 171, the price will fall to 166.
Scenario 1: When the channel is broken, there will be an increase to 177 - 179. After the new consolidation is about 180-185, there are likely to be many there who will sell.
Scenario 2: Perhaps after breaking through local support 171, the price will fall to 166.
Trade closed: target reached
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Related publications
Disclaimer
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.