Last night we broke the uptrend line and the volume is very low.
Seems like we are bound to test the next long-term uptrend line between $180-200.
Something significant must happen to reverse the bearish trend.
Seems like we are bound to test the next long-term uptrend line between $180-200.
Something significant must happen to reverse the bearish trend.
Note
So, we had a low of $185 tonight and still holding. Red line still untouched, so it doesn't feel like it should reverse yet, although you might still have a short bull run to $220s before dropping a bit further and consolidating the correction. Or I could just be wrong. Not a trader.Note
Going well so farNote
Brief update.We need to break the downtrend resistance.
May test $190 again.
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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.