Hey tradomaniacs,
the recent fakeout above the key-resistance is a strong indication of a falling market.
Previous fractal has shown two fakeouts and liquidity-grabbing into both directions showing trapped volume in that zone.
This can cause big players to cause fakemomentum to attract more buyers in order to absorb liquidity.
A potential S/H/S-Pattern would be another confirmation for my assumption.
Let`s see what happens!
the recent fakeout above the key-resistance is a strong indication of a falling market.
Previous fractal has shown two fakeouts and liquidity-grabbing into both directions showing trapped volume in that zone.
This can cause big players to cause fakemomentum to attract more buyers in order to absorb liquidity.
A potential S/H/S-Pattern would be another confirmation for my assumption.
Let`s see what happens!
Note
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.