Price has been rejected at the 200-period moving average on the daily time frame.
This presents an opportunity to short back toward the recent lows, completing the complex Zig-Zag structure I mentioned earlier.
A strong resistance level remains above at 88,486, with a downside target set at 74,517.
I’ll be posting a video update shortly.
This presents an opportunity to short back toward the recent lows, completing the complex Zig-Zag structure I mentioned earlier.
A strong resistance level remains above at 88,486, with a downside target set at 74,517.
I’ll be posting a video update shortly.
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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.