Volume is dropping so I think the most likely senario is red. Yellow is another possibility but less likely. Blue is kind of an extreme version of Red that if we reach 700-7200 we could see a big fast rebound.
If we go below 7450-7550 and hold there we are likely heading to 7000-7200. If we drop that that low there is a pretty good chance of a fast bullish rebound but you need to watch teh volume and RSI.
If we go below 7450-7550 and hold there we are likely heading to 7000-7200. If we drop that that low there is a pretty good chance of a fast bullish rebound but you need to watch teh volume and RSI.
Note
Slightly more zoomed out view so you can see how far it goes down. SOrry I amlearning.
Trade active
messed up the red
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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.