Midas Top Finder have reached its burnout point of 100% at 53.58. The actual high came in at 53.74. Indicating that a major or temporary HIGH is in place.
On the chart above, price have broken out to the DOWNSIDE of the major trend channel (in green) and have now formed a new channel (in purple).
This new channel only becomes valid if price close BELOW the bearish reversal of 52.66.
In that case the FIRST target will be the primary Midas Support Curve - in pink.
On the chart above, price have broken out to the DOWNSIDE of the major trend channel (in green) and have now formed a new channel (in purple).
This new channel only becomes valid if price close BELOW the bearish reversal of 52.66.
In that case the FIRST target will be the primary Midas Support Curve - in pink.
Trade active
Note
Waterfall event is now in motion.Note
Price Heading Lower
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Related publications
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.