A very real possibility if it continues its bearish decline.
Comment:
A break out from channel, expect back test for confimation. Could break out and rum for upper channel, could close back inside and continue down or could just slide down top of upper channel line until 8900 area then break. A move above 9500 would be bullish sign and one could go long there for run to upper channel and stops just below.
A close back inside channel and below 8900 and one could go short with targets of lower green channel.
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.
A close back inside channel and below 8900 and one could go short with targets of lower green channel.