Price action is in an uptrend(higher high)and has touched the 0.5 confirmed Fibonacci level, the price is also "sitting" on the weekly and 2-week moving average and a strong multi-year horizontal trend line(the purple one just beneath the 0.5),
But,
Everything can change at any moment, and the market can resume the broader market's downtrend because of the uncertainty surrounding it.
Wishing you good luck
But,
Everything can change at any moment, and the market can resume the broader market's downtrend because of the uncertainty surrounding it.
Wishing you good luck
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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.