Hi Traders!
The market is in a Downtrend.
The concept of this idea is that the market goes up to make a Pullback.
After that, it'll fall down and potentially even reach the Weekly Support.
Here are some indications which supports our view:
- Up-Movement from here:
If you have any kind of question or a different point of view, feel free to comment!
Thanks and successful Trading :-)!
The market is in a Downtrend.
The concept of this idea is that the market goes up to make a Pullback.
After that, it'll fall down and potentially even reach the Weekly Support.
Here are some indications which supports our view:
- Up-Movement from here:
- Bullish Divergence
- Market didn't make any dynamic Pullback since the last Top
- H1-Trendline offers itself as an Entry Trigger
-Down-Movement after Orange Box: - Daily Trendline
- H4-Resistance
- 38.2% Fib' Retracement
If you have any kind of question or a different point of view, feel free to comment!
Thanks and successful Trading :-)!
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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.
Related publications
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.