This Idea is all about the two red resistances which will be tested in the next view weeks. If the Market tests those levels a continues the trend my idea is that we will move to a point anywhere between those two red lines till the next Trend can be identified. Regarding the current Situation it can be possible that after the first resistance gets tested, we will get more negative news about Corona. In this case from my point of view the yellow trend line can be identified and the current rise could be understood as a typical bear trap.
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.