After completion of the correction after our first strong sell wave Since hitting strong weekly resistance around 139 down to 132 we are looking for more downside here.
The correction took more time than expected as most probably had to do with less liquidity in the market due to holidays.
So now what we can see is the head and shoulders trying to complete and that can be Monday.
After confirmed we can potentially expect market to come down to 132 again where after it breaks and retests we should probably head down to 129.
We start seeing once again new corona virus cases coming in from Sydney and Japan, US is also reporting cases.
Failed UK EU Deal during this week may boost downside faster as well.
All this is just for educational purposes and sharing my opinion on this market.
The correction took more time than expected as most probably had to do with less liquidity in the market due to holidays.
So now what we can see is the head and shoulders trying to complete and that can be Monday.
After confirmed we can potentially expect market to come down to 132 again where after it breaks and retests we should probably head down to 129.
We start seeing once again new corona virus cases coming in from Sydney and Japan, US is also reporting cases.
Failed UK EU Deal during this week may boost downside faster as well.
All this is just for educational purposes and sharing my opinion on this market.
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.
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.