The price is at the support area of the lower degree timeframe, so theoretically speaking the bounce is possible, but what we saw before Friday was decreasing price range on the almost the same volume, so continuation of a down-movement is also possible.
Details on the chart with possible directions, and as we do not want to be gamblers, better to wait and see some signs from the market before entering it.
Details on the chart with possible directions, and as we do not want to be gamblers, better to wait and see some signs from the market before entering it.
Note
Tick volume is used here btw.
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.