Looks like we broke trendline; W1 MACD reverted back to a sell signal and the momentum hasn't ended yet. Let's hope this is just a market correction and not a reversal sign. I could see us dropping as low as 2800 if we blow past 200EMA support.
In contrary, a good push here could develop into a double-bottom if all goes well.
In contrary, a good push here could develop into a double-bottom if all goes well.
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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.