Just a possibility , we trade price ACTION (A)-Bounce off the 50 MA (B)-Smack back into our trend line/resistance (C)-Smack into our trendline / support In my opinion, with the state of the world economy, It is impossible for me to be BULLISH, so I do anticipate a much needed sell off.
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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.