This is just a developing pre-market trend, and it thus could be aligned w/ the notion that it is reading too much into the harmonics (they lack), but if this is really the establishment of a downward channel it looks to be much sharper and nastier than ever thought previously. Again, this is a very tentative notion because we could see the market pump in 70 minutes from now when it opens.
Or it could continue the downward trend of futures trading, as it sometimes does. It's tough to call which, but this is a possibility at least, what is charted here.
Or it could continue the downward trend of futures trading, as it sometimes does. It's tough to call which, but this is a possibility at least, what is charted here.
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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.