We are in a place where price has the highest chance to take out lows or highs. If we take out the highs at 6630 we would have a complete change in behavior and we would have identified an uptrend just as it began. Because we are in a downtrend , we don't want to buy in now. We want to hold our cards and watch, let price show us the way.
Note
We have had a complete change in behavior , coupled with contraction. A move is about to happen.
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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.