We just barely closed below the weekly AVWAP level going back to May 2020. We are also at a gap up level from early April 2021. This level has seen successful bullish bounces on three prior occasions (June 2020, September 2020, October 2020). This level may hold again as we still have four trading days left this week & it just feels like a bullish bounce needs to take place to remove some of the downside pressure experienced in the market over the last 5+ weeks.
Even if this bullish bounce happens, I will anticipate further downside unless the market really proves it is bullish again. Until then, short-term bullish trades until the market sets up for another leg lower where I will target the March 2020 low AVWAP level down around $384.
Even if this bullish bounce happens, I will anticipate further downside unless the market really proves it is bullish again. Until then, short-term bullish trades until the market sets up for another leg lower where I will target the March 2020 low AVWAP level down around $384.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。