Reasons:
- Head & Shoulder formation - Pullback to neckline
- Small Stop loss
- Also 62% Fibonacci retracement might be met
- Bullish trend-line might support the price
This is only how we interpret the market.
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.
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.