Updated
Revised Out Look
Some time prices tend to stay in an intend to correct more before resuming the New Trend direction ( deep slow move indicate consolidation phase )
My Long term view is still intact as 83 , this consolidation pattern formation indicates the price will high likely make one more move down
if you are in long position , Take an exit at or near 74.10 + , and wait for slow correction to complete at or near 72.10 +- range
Once this correction completes we can expect the price to make New high very soon ,
Good luck
My Long term view is still intact as 83 , this consolidation pattern formation indicates the price will high likely make one more move down
if you are in long position , Take an exit at or near 74.10 + , and wait for slow correction to complete at or near 72.10 +- range
Once this correction completes we can expect the price to make New high very soon ,
Good luck
Note
Yes it made the price move , if you are long its best time to put the stop on trailing so that you can get out in case price reverse
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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.
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.