the uptrend has been reversed. Short-term resistance:445,next support: 435. Even though the trend direction has changed, it's still unlikely to suffer a big freefall.
Bullish view: the market will try to conquer the resistance again and stand above it to continue the consolidation, the wave range might go to 440-480.
Bearish view: 445 this resistance will become the pullback high and start another falling round lower than 433. Swap to 15 mins we can see this position has been tested 2 times and the second bounce is less than the previous time, so for 15mins if the price goes below 438 it's a good time to go short.
Bullish view: the market will try to conquer the resistance again and stand above it to continue the consolidation, the wave range might go to 440-480.
Bearish view: 445 this resistance will become the pullback high and start another falling round lower than 433. Swap to 15 mins we can see this position has been tested 2 times and the second bounce is less than the previous time, so for 15mins if the price goes below 438 it's a good time to go short.
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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.