In a down trend. It may come up to $81 before resuming the downward trend.
A directional rebound would likely see retest of the $75 level. We haven't seen that. Thus, this isn't a reversal but a temorary bounce off the lower trend channel.
A directional rebound would likely see retest of the $75 level. We haven't seen that. Thus, this isn't a reversal but a temorary bounce off the lower trend channel.
Trade closed: target reached
Covered at $76.50.
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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.