Blitz Bull: With the lower timeframe started entering an oversold zone, the market has cooled down for the downtrend, more importantly, the previous support is still solid so it’s likely we’ll have a reversal.
Blitz Bear: Since the double top, we have formed a lower high thus the next step would be breaking the previous low and creating a lower low.
Blitz Bear: Since the double top, we have formed a lower high thus the next step would be breaking the previous low and creating a lower low.
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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.