The white line on the chart is a path drawn from the daily chart, we have had a nice correction to the green line marked on the chart.
Expecting a retest of the level marked by the red line before a day trade short running down to the previous low created on March 11th.
If it breaks back in to the zone marked by the red and green lines, then I wouldn't take the trade but for now all signs show a continuation of the downward trend.
Expecting a retest of the level marked by the red line before a day trade short running down to the previous low created on March 11th.
If it breaks back in to the zone marked by the red and green lines, then I wouldn't take the trade but for now all signs show a continuation of the downward trend.
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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.