I am hoping for the upward break here, so I drew it that way. But for daytraders, this is an opportunity to sell now and buy back at 12670 levels. From there, if it goes back up, I think we will break the channel and correction will come to a stop for now. If not, bad days are ahead.
Note
Hmm, can this be a head-and-shoulder formation, or did it just break the wedge? Let's wait and see.
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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.