Quick idea.
The technical picture suggests that there might be a bit more downside, where we could target the medium-term upside line. If it provides decent support, we could see the bulls jumping in again and pushing the index back up.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
The technical picture suggests that there might be a bit more downside, where we could target the medium-term upside line. If it provides decent support, we could see the bulls jumping in again and pushing the index back up.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Note
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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.