Last week's little wickless candle indicated losening momentum already. Today we've opened lower but this may not mean much. At this level, i.e. around the May top there may be some buying interest anyway.
It may be to early to expect a renewed uptrend already but an upward correction may be possible until the end of the month.
It may be to early to expect a renewed uptrend already but an upward correction may be possible until the end of the month.
Trade active
It has to be mentioned that the current level is the 61 and even almost the 78 % retracement of the rise from August to October. Tjhis underlines the importance of the May top as a support now.Trade closed: target reached
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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.