Structurally, this looks ready for another leg down but we will wait for consolidation before takign the short position.
BEAR CASE
Price conlidates in a small range and breaks down immediately to retest 153.5
BULL CASE
Do not be surprised if price tests the top of the channel at 157 before fulfilling the bear case.
BEAR CASE
Price conlidates in a small range and breaks down immediately to retest 153.5
BULL CASE
Do not be surprised if price tests the top of the channel at 157 before fulfilling the bear case.
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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.