The past few months have been dire for the bulls without much of a comeback. A decent retracement should be expected sooner or later -- I think sooner, as heavy divergence has been developing on many different time frames, almost foreshadowing a future bullish move. I'd be on the lookout, although in my opinion, we could see 1 or 2 fake-outs. :D
[Not responsible for any trades based on the premise of this idea. Trade with caution.]
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.