New explosive move
For many days the bulls have tried to take the price higher after the big red bar, and have failed, closing at the low for each day.
I suspect that if we get down below the lows that the bigger downtrend will continue, possibly with an explosive move, since the long stops would be below the past couple of days lows.
Stops above previous days highs
I suspect that if we get down below the lows that the bigger downtrend will continue, possibly with an explosive move, since the long stops would be below the past couple of days lows.
Stops above previous days highs
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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.