We are at the end of a 3 wave impulse cycle to the downside with consolidation and strong resistance on the weekly chart. Not mush to see on the daily chart but things look interesting on the 4 hour with a false breakout divergence and continuous divergence. There is also convergence confirming sellers coming into the market although we could see another false breakout to the upside My bearish view will remain intact until we close above the invalidation zone
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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.