if 2700 resistance strong, 2608 support broken, target 2580 zone
if retest 2700 resistance, 2608 support broken, target 2580 zone
but there is potential weekly continue to drop
mean we will see more correction later
there 3 scenario
1. still going up to 2770 but stochastic not bottomed yet
2. straight to 2580 mean weekly bearish trend started target 2440 later
3. drop to 2640 then up to 2700 resistance retest and drop to 2580, this scenario still believed to leading to weekly bearish trend
but there is potential weekly continue to drop
mean we will see more correction later
there 3 scenario
1. still going up to 2770 but stochastic not bottomed yet
2. straight to 2580 mean weekly bearish trend started target 2440 later
3. drop to 2640 then up to 2700 resistance retest and drop to 2580, this scenario still believed to leading to weekly bearish trend
Trade active
weekly TF Trade closed: target reached
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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.
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.