The market is currently going through a bearish channel.
Each time the market reaches the resistance zones channel (downward red line), the market drops significantly.
The Stoch also indicates that the market is ready for a sell.
I predict the market will sell long term to the current lower BB (Green line) which will act as a support zone. (T/P).
Each time the market reaches the resistance zones channel (downward red line), the market drops significantly.
The Stoch also indicates that the market is ready for a sell.
I predict the market will sell long term to the current lower BB (Green line) which will act as a support zone. (T/P).
Note
(Daily Time Frame)
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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.