Trend analysis of SATSUSD by Dow theory
For SATSUSD, as the last Higher Low has been broken on the weekly timeframe, we can say that it is a clear sign of the trend reversal. I am expecting that there will be more downward pressure for the price action at important Fib levels, creating new Lower Highs and Lower Lows.
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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.