Trend: The ETF has reversed its April-May recovery rally after topping out near 565.98, entering a sharp short-term downward correction on the daily chart.
Price Action: The latest bearish candle closed near its session low at 518.53, breaking through multiple minor support levels to sit just above a crucial structural support line at 512.70.
Price Action: The latest bearish candle closed near its session low at 518.53, breaking through multiple minor support levels to sit just above a crucial structural support line at 512.70.
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Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
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.