So after that last retrace we should now start looking if we can place some long opportunities.
On a day trade view of the markets you can almost see this area as a buy opportunity - if the price falls into the purple box I think it is time to go neutral and start looking for shorts.
My thoughts are that price is indicating some build for a upward movement.
Sorry for the brief summary - :D will try to do more soon.. still haven't had time to do a recount of the charts...
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.