Last Friday we experienced the last price bounce from 10800 after another attack of ours and today the situation is vice versa: the bulls have failed to break that absolutely critical level from the lower floor already. This has resulted for them in a serious double trap with not too much time ahead before an ultimate capitulation, we believe. The field until 8800 is almost free of any bullish resources, the attack can be performed with "eyes wide shut". The desired goal at hand - 7600, we will have a rest after it is taken!
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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.