It is still riding on the bullish trend on the weekly but the daily and smaller time frames are showing clear sell signals. Compared to the last selldown in April 2019, this time, the sellers are more aggressive !
Goto smaller timeframe like 4H and 1H if you want to participate in the selldown. If you want to buy, wait a while more till the selling pressure subsides.
Trade safely, always use SL and employ appropriate risk and capital management. GBU
Goto smaller timeframe like 4H and 1H if you want to participate in the selldown. If you want to buy, wait a while more till the selling pressure subsides.
Trade safely, always use SL and employ appropriate risk and capital management. GBU
Note
we added long todayNote
The good thing about learning from historical charts is to see the patterns being played out. Why would this time be different , you think ? Because the previous time, that was what the sellers would do, sell at 66 level and buy back now at 50 level.
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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.