After the breakthrough 2 days ago and the fine drop yesterday I took the profit as I had expected a retracement of the decline. We've seen it today. Now the market became calm again and the decline can be continued.
I expect a further drop as the retracement has topped at a line which has been a multiple support and resistance repeatedly since the end of January. No renewed buying interest emerges above this line it seems.
I expect a further drop as the retracement has topped at a line which has been a multiple support and resistance repeatedly since the end of January. No renewed buying interest emerges above this line it seems.
Trade closed: stop 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.