It's definately not a proper TA, just some pattern recognition, but so far price has been saved by the daily 30 sma, and we usually had a long consolidation channels, it's way to early to say it could still drop like a stone, but maybe there is a chance that before this happens it will attack the yearly highs once again, we'll see how it goes. Till then
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.