The price action remains close to the lower range of the linear regression channel pattern.
This increases the likelihood of a mean reversion trade.
The 200-day might also act as some major support.
Above 3400 supports a bullish trend direction. Crossing below this level will negate the bullish stance.
MACD bullish crossover also supports upside price potential.
This increases the likelihood of a mean reversion trade.
The 200-day might also act as some major support.
Above 3400 supports a bullish trend direction. Crossing below this level will negate the bullish stance.
MACD bullish crossover also supports upside price potential.
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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.
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.