After price closed strong bearing the previous week, we have witnessed a massive rally back up into weekly highs. Even after 2 days of rally, this strong bullish pressure doesn't seem to be over looking at today's strong daily closure. We might just see price extend a little further into weekly highs as shown and now based on strong confirmations, a plunge back down into April's lows.
A continuation of the rally may be seen after price taps into the current daily demand region as indicated on the chart. Fingers crossed for confirmations
A continuation of the rally may be seen after price taps into the current daily demand region as indicated on the chart. Fingers crossed for confirmations
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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.