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.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.