Dead cat bounce coming
As we can see these last few days have really dropped the daily RSI. I expect another dead cat bounce in the coming days.
If we can close above the 200 MA, and find support above it, I think this correction will be over.
The more likely event is that we close this week below the 200 MA and see lower lows.
Long @ 23600
Sell @ 25000
Stop-Loss @ 23250
If we can close above the 200 MA, and find support above it, I think this correction will be over.
The more likely event is that we close this week below the 200 MA and see lower lows.
Long @ 23600
Sell @ 25000
Stop-Loss @ 23250
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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.