My drawings show what I see as a likely continuation by examining the chart and finding patterns and trendlines. I feel like the way things are going in the world also supports my idea. I think if you trade / invest you should know / have access to the information about what is happening so I don't have to explain.
Note
The circles look more precise if you grab the chart.Note
Okay so it looks like it needs more explanation. I draw kind of trendlines, I guess not totally the usual way and it just looks like to me that a pattern is somewhat "repeating itself" on this chart and the first time it led to that big up after the first circle and I'm expecting that something similar will happen now (Just like the covid dip was similar to tariff dip on the market). I hoped the circles help to identify the similarity.
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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.
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.