On the one hour timeframe this is what i see. On Friday the trendline held but the bullish momentum was week and the trendline was broken during market open. Based on US-China deal that seems to be promising i believe we might see a short and since the trend line has been broken risk takers can go short and those who are afraid of risk can wait for more confirmations like a retest.
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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.