A high likelihood of a mean reversion trade is possible.
Remains above its 200-day simple moving average.
Furthermore, a price action above 22500 supports a bullish trend direction.
Further trend support above 35100.
Crossing above 35900 might target 38300.
Crossing below 34300 might be the first sign of pending weakness.
Upside price momentum (see the lower panel) also supports a bullish trend direction.
Remains above its 200-day simple moving average.
Furthermore, a price action above 22500 supports a bullish trend direction.
Further trend support above 35100.
Crossing above 35900 might target 38300.
Crossing below 34300 might be the first sign of pending weakness.
Upside price momentum (see the lower panel) also supports a bullish trend direction.
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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.