A price action below 57.00 supports a bearish trend direction.
Further bearish confirmation for a break below 56.60.
The target price is set at 55.00.
The stop-loss price is set at 58.00.
Wave analysis suggests a couple of alternatives.
The price action was corrected from overbought territory.
Remains a very risky trade.
Further bearish confirmation for a break below 56.60.
The target price is set at 55.00.
The stop-loss price is set at 58.00.
Wave analysis suggests a couple of alternatives.
The price action was corrected from overbought territory.
Remains a very risky trade.
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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.