Retrace to trendline before run to 1950/2000 area?
Following the vertical move from these past couple days, it feels like we are due for a retrace and that we already reached the top area. We do not exclude the possibility to retest it before the dumps start.
A fast retrace to 1650/1700 area could happen in a couple days time followed by couple additional days of consolidation before we take off from the trendline considering the very bullish outlook on the weekly and monthly timeframes.
Even though I am short I do not recommend shorting this retrace, point of this chart being the buy zone and future outlook.
A fast retrace to 1650/1700 area could happen in a couple days time followed by couple additional days of consolidation before we take off from the trendline considering the very bullish outlook on the weekly and monthly timeframes.
Even though I am short I do not recommend shorting this retrace, point of this chart being the buy zone and future outlook.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.