I cannot speak on the possible implications in regards to the severity of the trade war or recently announced additional tariffs, but in the short term, I speculate that the recent selling has been without a breath of air, and is due for a pullback.
Short term target of 2880, then can analyze for further down or further up.
If it was going to pullback, I would also speculate that this will happen during tuesday / wednesday / thursday trading sessions, before posting fresh lows or at least near lower lows, for a similarly bearish weekly candle.
Short term target of 2880, then can analyze for further down or further up.
If it was going to pullback, I would also speculate that this will happen during tuesday / wednesday / thursday trading sessions, before posting fresh lows or at least near lower lows, for a similarly bearish weekly candle.
Trade closed: target reached:
Target Hit - 2880.1