Market structure of the index appears to reveal a slightly downward path of price where price action has reached a short covering price target.
Price action is approaching the center line but needs to be evaluated how it reacts to that price level as there may still be an abundance of buyers to advance the price higher from these levels.
Price action is approaching the center line but needs to be evaluated how it reacts to that price level as there may still be an abundance of buyers to advance the price higher from these levels.
Trade closed: target reached
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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.