After the last extended rally of almost $1000, I think the price action is showing us that it is time for a correction. We look for at least $380 depreciation and logically reach the minimum value of the upcoming correction i.e. level 2160.
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Note
We are now at the very top end of the sales area - 1625. Here we watch for an exhaustion of the uptrend and signs of a possible correction to come.
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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.