Long position entry for 2:1 risk return.
Overall bear trend has not ended, but looks like we are in reversal mode.
a 618 retracement confirming the double bottom would do it.
Needs to break to the 7-8k area with volume pickup to reduce any risk of significant downside.
Overall bear trend has not ended, but looks like we are in reversal mode.
a 618 retracement confirming the double bottom would do it.
Needs to break to the 7-8k area with volume pickup to reduce any risk of significant downside.
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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.