The green candle on Monday would imply that buyers have returned but the challenge as we have seen in previous situations over the last few months is can buyers follow through to the upside. If they can the objective to the upside would be a close above 3744 Tuesdays price action. It's important to remember this approach is going against the bearish downtrend.
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.