Small correction in upward trend
Short term trend is down, question is: where will it bounce? i have two scenarios in mind, one where it bounces on the old support at 51.4 (lower circle, more likely), and another where it bounces on a new possible support (used to be resistance) in the upward trend at 52.8 (higher circle, less likely). All in all i would say to stay away right now.
Note
Fake bounce at 52.31 up to the trend (53) maybe?
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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.