MRKET COMES FROM A UPTREND FOR SOME TIME NOW, SO VERY LIKELY FOR A CONTINUATION THERE IS AN OPPORTUNITY FOR A CORRECTION WHERE WE WANT TO TAKE ADVANTAGE OF -THE MARKET BROKE THE LOWER TREND LINE AND ON THE DAILY PRESENTED A VALID ENGULFING ENTRY -ON THE 4H WE HAVE A CROSSOVER OF THE 50EMA UNDER THE 200EMA WHICH HELPS US DETERMINE WHERE THE TREND IS HEADING TO OR AT LEAST THERE IS A VALID CORRECTION HAPPENING WE EXPECT: A POSSIBLE RETRACEMENT ON THE DAILY LEVEL TO HIT OUR TARGETS AND WE WILL SEE IF THERE WILL BE A CONTINUATION TO THE DOWNSIDE
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.