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Note
Date range also remains the same, despite the big green candle.Note
We've bottomed out. We'll have another jump, not has big as the last one, in about 2 hours.Note
I've started a new Telegram group, if you like the kinds of updates I've provided above, please join the group. I'll keep the comments on my charts to a minimum from this point forward:t.me/tradewithjpublic
Note
We're making the jump to 7500 right now. There will be a correction afterwards.Note
The bulls have to keep this above 6475 to prevent this HS formation from completing. If they manage to do that as I expect them to, it may be through a show of force aka another big green candle stick. If not, then things get hairy, as we will most likely retest the 6000 support and at that level the direction of the market is anybody's guess. Currently though, with the higher lows being created the bias is towards the upside.
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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.