Trend lines. Simple, yet powerful.
We just saw this large drop in the last day which has hopefully found a new bottom on the green trend line, but I would not be surprised to see another drop to the yellow trend line in the 4500-5000 range in the near future. My opinion is that there are potential short term gains from this point, but you still have to be cautious.
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.