Three clear bounce defined an up trend till a couple of weeks ago. After the market broke the trend, it got a complete inversion.
It actually following a down trend channel, completing two bounce and reaching the third one.
We expect the market goes down till our TP1 and TP2, entering short at the current price till the first and second support.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
It actually following a down trend channel, completing two bounce and reaching the third one.
We expect the market goes down till our TP1 and TP2, entering short at the current price till the first and second support.
Let us know if you like our idea, leave a comment with your opinion and don't forget to follow us!
Enjoy Traders!
GMPinvestors
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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.
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.