Consolidation phase is over, breaking down starting friday or monday.
Reasons: obvious. Pattern indicates chart will break either up or down, fundamentals favor down.
Estimate: retest 2 350-2400 support is the target. And then go from there.
Not
So breakout happened. But the opposite direction of what I believed. I don't see why the fundamentals would favor a rally, but I guess the fact that daily death's from coronavirus decreased has triggered the rally in the opposite direction of what I thought was likely.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.