In my opinion, the price action on the lower time frame at the moment is bearish. If price breaks below Friday's low of $2419, there is a good probability of this move becoming a lower high and price retesting the current yearly low. If price were to break below the current yearly low, I believe a tap of $2000 would be very likely.
This trade idea is not financial advice. I am not a financial advisor of any kind. Please do your own analysis, responsibly manage your risk, and stay safe.
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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.