I would like to see one more new low and reversal into upside retracement => reversal back to the downside move.
I do not exclude possibility of another daily high but it is less likely to me and a lot of late longs are trapped in positions.
I do not exclude possibility of another daily high but it is less likely to me and a lot of late longs are trapped in positions.
Note
Anticipate small upside more to make buy side raid => reversal down to the new low.Trade closed: target reached
New low is in place.
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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.