To me, we should be arriving at the end of this current downtrend, where a massive correction is needed. Why ?
1- Bears are facing a very respected demand zone
2- Bear power is decreasing over the time which can be observed on the candle sizes
3- It also can be observed through a RSI divergence
4- Bullish candles are rejecting the current price
Waiting for confirmation such as reversal patterns which can validate the analysis.
1- Bears are facing a very respected demand zone
2- Bear power is decreasing over the time which can be observed on the candle sizes
3- It also can be observed through a RSI divergence
4- Bullish candles are rejecting the current price
Waiting for confirmation such as reversal patterns which can validate the analysis.
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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.