I believe and my prediction is that price will move to the downside. I say this because price action has come into a fresh zone of supply and a level where price has previous moved very bearish from as well as that RSI is heading to the oversold side. My signals are...
-Supply
-Structure
-127% extension
-78% retracement
-Inner Trend line
-Trend signal
Combing these signals has gave me a signal score of 6 and has made this supply zone a valid shorting zone.
-Supply
-Structure
-127% extension
-78% retracement
-Inner Trend line
-Trend signal
Combing these signals has gave me a signal score of 6 and has made this supply zone a valid shorting zone.
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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.