Trade idea
The index had broken below its short-term tentative upside support line. This could be seen as a potential sign for further declines. That said, before we start looking further south, we need to see a clear break below the highlighted area. For now, we remain cautiously-bearish and wait for a confirmation break.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
The index had broken below its short-term tentative upside support line. This could be seen as a potential sign for further declines. That said, before we start looking further south, we need to see a clear break below the highlighted area. For now, we remain cautiously-bearish and wait for a confirmation break.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
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