Either we bounce or drop. if we respect the shaded rectangle and bounce could expect new high. if we don't and bounce from the lower one then we could expect a retrace to the higher rectangle and enter short there for lower targets.
Trade active
Daily Close above 87850 will signal going up to target.Daily Close below 84500 will increase probabilities of going down.
Personally I prefer bearish ideas
Note
In my opinion, fast down move coming up.Be careful taking longs!
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.