Current PA suggests we could target downwards towards $37.50 bc of the 3rd wave trendline touch.
If we see support held at $40 we could see a break of the trendline, retest and push towards $44
Also, Bearish W pattern suggests more downside. I am personally looking for $37.50 - $34.50 to add positions
If we see support held at $40 we could see a break of the trendline, retest and push towards $44
Also, Bearish W pattern suggests more downside. I am personally looking for $37.50 - $34.50 to add positions
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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.