Hello Traders,
We have reached the lowest low since 2016. The price was forming reversal channel and divergence on macd but it keeps falling. We need to see strong price action to the up side for change in the trend. For now it still bearish. I'm watching price action at the bottom to see which direction to go. No trade setup for me yet.
Good Luck!
Cheers,
Jonas
We have reached the lowest low since 2016. The price was forming reversal channel and divergence on macd but it keeps falling. We need to see strong price action to the up side for change in the trend. For now it still bearish. I'm watching price action at the bottom to see which direction to go. No trade setup for me yet.
Good Luck!
Cheers,
Jonas
Note
Hello Traders,Price is forming trend continuation pattern so one more move down is possible. I will watch price action at the upper trend line for short term sell.
Good Luck!
Cheers,
Jonas
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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.