Correction was shallow. Price bounced off a little below 23.8% retracement. For several hours, it compressed to give way to clear signals of buy.
From here, we can expect bulls to try to break yesterday's high of 161.85. If bulls are successful, we'll see 162.70 to 163.30 if not today, then tomorrow.
From 163.30, we can expect the bears to come in.
From here, we can expect bulls to try to break yesterday's high of 161.85. If bulls are successful, we'll see 162.70 to 163.30 if not today, then tomorrow.
From 163.30, we can expect the bears to come in.
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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.