A corrective bounce (wxy correction) that remains below 12878 is a bearish setup, potentially the start of a deeper decline basis the weekly charts. Ideally It finds sellers between 12750 - 12800. Its wrong above 12878.
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.