Here momentum has switched according to the ribbon EMA, this has not been broken since January 2016 before this tremendous run.
On the 1 day we are seeing a price structure reversal, with lower highs and lower lows being formed on the short term price action.
The key support level is 2580, if this is broken- all bets are off and the run is potentially over.
Not financial advice, just an idea.
On the 1 day we are seeing a price structure reversal, with lower highs and lower lows being formed on the short term price action.
The key support level is 2580, if this is broken- all bets are off and the run is potentially over.
Not financial advice, just an idea.
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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.