We're following the yellow line. Purple lines are downward pressure. Yellow line is the bottom of the ascending wedge. Green line is support. We could break out into a gentle rise at 9350, a gentle fall at 9300, or a gentle rise at 9000. I think we'll see a gentle fall at 9350 leading to a bear trap over the coming days. I expect volatility increasing over this month.
Note
To clarify, we're following the bright yellow line and the dark yellow line is the bottom of the ascending wedge. Obviously, I see this drop as a bullish long term event.Trade closed: stop reached
Phwew. I was way off.
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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.