I believe we will retest the 200 Weekly SMA or some lower support levels. I would like to see a big double bottom off the 200 weekly SMA so I can see some consolidation between the major daily moving averages and the 100 weekly SMA in the next week before another breakdown to retest the 200 Weekly.
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.