Short Term Trend: Bullish.

Price Action Signals: Price broke down from an Inside Bar Pattern early this week (counter trend).

Potential Trade Idea: We are considering trading longs after a retracement in prices AND from a Price Action Buy signal forms on the 4 hour or daily chart at either the 3829 or 3670 support level.

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.