LT is showing weakness as it rejects the Monthly R1 zone on the Daily time frame.
There are evident Lower Highs being formed and the crucial neck line is broken.
I've taken a short swing trade for target till 3700 zone which would be the next logical support.
There are evident Lower Highs being formed and the crucial neck line is broken.
I've taken a short swing trade for target till 3700 zone which would be the next logical support.
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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.