No change in view.
The pattern suggest bottoming and also the shape of it feels a little like inverted false bear flag. The RSI still very low for the weekly chart and provides ample room for a good correct back to $ 280-300. So for now, we add $ 180 area if seen, and no stop-loss I would use, but this is a personal decision. Profit at $ 285 for now.
The pattern suggest bottoming and also the shape of it feels a little like inverted false bear flag. The RSI still very low for the weekly chart and provides ample room for a good correct back to $ 280-300. So for now, we add $ 180 area if seen, and no stop-loss I would use, but this is a personal decision. Profit at $ 285 for now.