Monday will be a very important trading day, and it will tell us the further direction.
AS for now, we can spot numerous bullish and bearish signs, however the short term looks more bearish, but the mid-term still looks good.
I will pay attention to 2 price levels and I will place my trades based on that.
These 2 levels are the P-Pivot(390.39) and the S2 Pivot+ 87.6% fib retracement(376.31-377.37).
IF we get above the P Pivot, it will look bullish once again, but if the S2 Pivot will not held as support, the we might even tank more.
AS for now, we can spot numerous bullish and bearish signs, however the short term looks more bearish, but the mid-term still looks good.
I will pay attention to 2 price levels and I will place my trades based on that.
These 2 levels are the P-Pivot(390.39) and the S2 Pivot+ 87.6% fib retracement(376.31-377.37).
IF we get above the P Pivot, it will look bullish once again, but if the S2 Pivot will not held as support, the we might even tank more.
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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.
Related publications
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.