Everyone turned bearish yesterday when the market fell 1.5% and are calling for new lows, however, I think the most likely scenario from here is that we push back up to $405 first before the real bear move begins.
After tagging $405, then I think the setup will favor the bears, and think we can fall back to the $370-380 range over the coming weeks.
I expect this move higher to play out by the end of next week.
Let's see what happens.
After tagging $405, then I think the setup will favor the bears, and think we can fall back to the $370-380 range over the coming weeks.
I expect this move higher to play out by the end of next week.
Let's see what happens.
Note
Let's goooNote
Beautiful. Target reached. Trade closed.
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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.