exceeding 60k is confirmation of last week's Hammer pattern and trendline, which would see its third rebound (the second rebound is Engulfing at the end of September)
a lot depends on the fears for Covid and new lockdowns, but I believe that the market will not react as negatively as in the past, the fear is already partly taken for granted, but a longer lateral period is possible
in my opinion last week's hammer is the benchmark, above 60k or below 53k, this week could be decisive
in the event of a break of 60k, the target would be the height of the new trend wave, ie at least 85k
a lot depends on the fears for Covid and new lockdowns, but I believe that the market will not react as negatively as in the past, the fear is already partly taken for granted, but a longer lateral period is possible
in my opinion last week's hammer is the benchmark, above 60k or below 53k, this week could be decisive
in the event of a break of 60k, the target would be the height of the new trend wave, ie at least 85k
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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.