Strong bearish impulsive move into a small CS (Corrective Structure).
Clean NVT (Non-Volatile Trend) in place which shows there is strong bearish presence and minimal bullish fightback.
Weekly Support zone is approaching so bulls may have limit orders banked up and push back hard.
I anticipate some profit taking soon from the bears.
Clean NVT (Non-Volatile Trend) in place which shows there is strong bearish presence and minimal bullish fightback.
Weekly Support zone is approaching so bulls may have limit orders banked up and push back hard.
I anticipate some profit taking soon from the bears.
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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.