Downtrends on monthly, weekly, and daily frames and price attacking key level at 75.
Lots of downside movement possible.
Expect either price to consolidate below 75 for a short OR price to retrace to 1H 200EMA for a short.
Either way it's a Tier 3 short because trends are aligned.
Lots of downside movement possible.
Expect either price to consolidate below 75 for a short OR price to retrace to 1H 200EMA for a short.
Either way it's a Tier 3 short because trends are aligned.
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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.
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.