The market appears to be losing bull momentum and has broken out a key support level with significant bearish momentum.
Price is likely to retest the broken out zone and present confirmations before making its way towards next support.
Setup goes invalid if price finds support above the current zone
Key Factors
- Broken out Support with a bearish momentum
- Price is also losing bullish momentum
- Further downside potentials once confirmations are formed at the current resistance zone
Price is likely to retest the broken out zone and present confirmations before making its way towards next support.
Setup goes invalid if price finds support above the current zone
Key Factors
- Broken out Support with a bearish momentum
- Price is also losing bullish momentum
- Further downside potentials once confirmations are formed at the current resistance zone
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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.
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.