The price is on a 4H Channel Down (RSI = 39.937, Highs/Lows = -90.5493, B/BP = -276.6680) with 8,391 the Resistance and 7,828.70 the support (and short TP). The 10,000 mark made 10 days ago is simply a Lower High on the greater 1D Channel Down (Highs/Lows = -549.9965). As you see on the chart, if the current Channel Down is a mirror pattern of the previous Channel Up then 7,828.70 - 8,354.80 is a Rectangle which can be scalped, before dropping to 6,820.80 by May 23.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.