Hi traders.
I have just zoomed in on the weekly timeframe and what I see is after this very bearish trend that started from 1830 got weaker before dropping a pin-like bullish candle, signaling a reversal. Also it has bounced right on the 100 SMA and seems to be heading up. In my view, if the price is still above 1740, we will have a trend reversal in favor of the Bulls with a target towards 1830 again or even further.
Please let me know what you think.
I have just zoomed in on the weekly timeframe and what I see is after this very bearish trend that started from 1830 got weaker before dropping a pin-like bullish candle, signaling a reversal. Also it has bounced right on the 100 SMA and seems to be heading up. In my view, if the price is still above 1740, we will have a trend reversal in favor of the Bulls with a target towards 1830 again or even further.
Please let me know what you think.
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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.