1st scenario 1. Volumes are decreasing 2. There is bearish divergence 3. Market may be retest is last lower low and bounce back for higher high with good Volumes 4. Due to divergence on RSI and MACD market may be consolidated for some time to cool of and than goes to next highs
2nd scenario 1. Volumes are decreasing 2. There is bearish divergenc 3. If market break its last Lower low and still volumes are decreasing than it goes to next support
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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.