Should be around March 2019, there is a long opportunity very soon if index hits 6686, just an idea but fits symmetrically very nicely.
Note
We have hit 6686, RSI on daily chart showing perfect synchronicty with divergence. Todays big fall will leave many traders concussed, but watch for the gradual recovery over the next week accelerate into bigger gains through January and February to print that right shoulder around March Time for the Big Short !Note
It looks we have a new support trendline, the last hour of the last session was very bullish, so I think we will break to the upside for a few weeks, although the general picture is bearish so better to short the rallys, than gamble on the longs.
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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.