We touched the upper trendline of the 2017 channel twice, marking new ATHs in late 2024 and early January 2025. Following the second touch, we shifted from the previous bullish channel into the current bearish channel, simultaneously completing a correction that was overdue for at least half a year. The potential breakout point from this bearish channel is expected around mid-May.
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.