We have reached the all-time-high again. If we cannot overcome it then a downward correction is due. This is the more that we have risen very fast since yesterday, a rise that usually takes 2-3 weeks in a "normal" market.
There are reasons for this spike of course, but the rule is that there are always some swing traders on board that will take profit when the momentum becomes declining.
There are reasons for this spike of course, but the rule is that there are always some swing traders on board that will take profit when the momentum becomes declining.
Trade closed: stop reached
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.
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.