The trend on the left was cloned on the right to see what a possible retracement might look like. If there is no major catalyst until November, retracement could pull back as far as .68 which used to be a blastoff area when we were consolidating in the 40s and 50s range. .62 was a breakout and .68 was a blue skies breakout which both were broken in the March into April run.
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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.