After the sell-off on Monday 6/25, bullish price action appears over the moving average 50 days (blue line). Tomorrow is key to see if the price remains above this trend line, as it has been since March. Otherwise, the price will test the next support in the moving average 100 days (orange line).
Note
Nice performance since the idea was published. Bullish won the battle again.Trade closed: stop reached
Bullish party over
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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.