We've fallen through a key dynamic level - if we don't see a push back above this level (the lime green line on the chart) before 0100 UTC-5 , I see a freefall incredibly likely especially given the likelihood that many stop losses will close not far below, and fear will set in causing panic sales. I dont use shorts, so i haven't categorised it as that... but I definitely see this as a potential take profit for long positions
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.
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.