Not quite sure this is a bearish picture…
Seems this index always had violent consolidation periods after a thrust upwards. As long this remains above the 3 year moving average and that horizontal support around 130$… just standard operating procedures.
As for the targets, well first watch for the current box to resolve.
Seems this index always had violent consolidation periods after a thrust upwards. As long this remains above the 3 year moving average and that horizontal support around 130$… just standard operating procedures.
As for the targets, well first watch for the current box to resolve.
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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.