Given how we broke the previous downtrend resistance, I think we can ride this all the way up to around 16400 (reasonably).
However, I expect a pretty rapid correction to as low as 13000 given previous support and resistance barriers.
NOTE: I have no position in this. This is purely my speculation. Also, this only shows the TA side of it (not the full story!).
However, I expect a pretty rapid correction to as low as 13000 given previous support and resistance barriers.
NOTE: I have no position in this. This is purely my speculation. Also, this only shows the TA side of it (not the full story!).
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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.