Last day's closed price is under the horizontal neck-line.
A new downtrend had established.
Long position have to stop loss.
And wait for an new opportunity to short it.
Today's candle is also important, if it have a relatively longer body and increased volume,
That will verify the new born downtrend.
or else, a temporary stop and retest action will come up.
Note
A temporary stop and retest action may come up.If a long body candle closed upon 30352, the uptrend may resume.
Otherwise, the downtrend will most likely go on and expand it's scale.
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.