This is not the short term bottom.
Watching these levels, I see weakness forming from the bulls. The last time the bulls defended this level, we had strong volume capitulation that formed that short term bottom. Now I do not see the same. We have yet to see sellers come in and once we do, I do not think we hold and we start seeing newer lows forming.
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.