Price action is trending near the resistance at 622 - 628 level unable to break it. Pattern formation is rounding bottom. If it forms a handle price will fall to 520 - 530 level. Price action will tell whether it is cup and handle or rounding bottom pattern soon.
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.