We'd got a new weekly high and have retraced 38 % whereafter new strength has emerged. As we had a rounding bottom since August there may be good space ahead for a rise.
Trade closed: stop reached
Note
As I said I have no special idea here at moment. May be it will become a S-H-S formation. But this would require another downward correction first. This is what I would prefer at moment. The bias is bullish however and with a wide stoploss it may be trade already. I would wait and see at moment.
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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.