Volume profile confirms we are currently at the most frequent price.
RSI does not seem stretched.
Price is in the lower bound of the channel.
Pump continues at least until q2 earnings report season starts...
Short term bullish until 3400, then down.
RSI does not seem stretched.
Price is in the lower bound of the channel.
Pump continues at least until q2 earnings report season starts...
Short term bullish until 3400, then down.
Note
Seems market is losing momentum before q2 results. This is likely the beggining of the downtrend / correction.Target 1: 3000
Target 2: 2800 (most likely outcome based on volume profile)
Target 3: 2600 (if volatility spikes)
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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.