Obvious downtrend for a while until close of market on Friday 21st of October
Price nuked through the trendline and breakout of the major zone, we could see price either pullback to retest 1642 then move all the way up to 1681 or continue all the way to 1681 then pullback all the way down to 1642.
Another outcome could be ;
Price move all the way bullish to 1684, pullback to retest then go all the way up to 1725.
Price nuked through the trendline and breakout of the major zone, we could see price either pullback to retest 1642 then move all the way up to 1681 or continue all the way to 1681 then pullback all the way down to 1642.
Another outcome could be ;
Price move all the way bullish to 1684, pullback to retest then go all the way up to 1725.
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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.