Hi Traders!
According to this idea, the market is going to break
the daily Trendline bearish towards the next daily Support.
Here are some indications which supports our view:
If you have any kind of question or a different point of view, feel free to comment!
Thanks and successful Trading :-)!
According to this idea, the market is going to break
the daily Trendline bearish towards the next daily Support.
Here are some indications which supports our view:
- First Lower High after a sequence of higher Highs
- Market at weekly Resistance - Break was rejected three times for now
- MACD shows decent Divergence
- Distance of higher Highs getting shorter
- Weekly Trend is downwards, this Up-Movement could be interpreted as a 38.2% Fib' Retracement
If you have any kind of question or a different point of view, feel free to comment!
Thanks and successful Trading :-)!
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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.
Related publications
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.