Weekly low has been taken, now we are seeing a mild correction.

Weekly low has been taken, now we are seeing a mild correction, but can this be sustained?

If we're to see more of a bullish push, there could be an opportunity to look for long positions and target the imbalance left behind from CPI.

Failing this, if price continues to push lower, then the weekly could end up being completely violated, and as it stands, this could be a strong possibility.

Trend Analysis

Also on:

Disclaimer