Performing pullbacks in daily and four-hour time And continue the downward trend. Definitely the downward trend continues
After a big up move the market is gathering energy for the next up move.
The process has a return and correction. Pay attention to the support.
The bullish trend is a correction in a long-term bearish trend that is close to its end and I am waiting for confirmation for a bearish trade
To reverse a trend, we need to get 3 confirmations, which gave us 2 confirmations. If the first bullish candlestick is weak, the third confirmation is done and I can get a sell deal.
After the formation of the rectangle pattern and creating a lower ceiling, the trend is downward (The spoken language is Persian)
According to the report of the increase in the sale of the cash house, it will be withdrawn from the stock market and will go to Malek Watala to save from inflation . The report of an increase in the bank rate will also cause a drop
The weakness of buyers is quite evident in the 4-hour time frame, so I am waiting for the continuation of the downward trend
This analysis is valid before the cpi news. So watch out for the news
Currently, there are no signs of reversal or weakness of buyers
up to the price of 65420, which is also a turning point of resistance. It is ascending