Price has been on a flawless uptrend initiating since the end of October. Being that price just put in yet another high above previous weekly levels as well as daily, I am expecting price to have a correction. Not only due to the natural course of price but also to the fact that a 200+ point fair value gap has been left below price. Price can retrace beyond 300+ points and still be in a definitive uptrend at the moment.
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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.