Ever since market created a Double Top, it just went down like a waterfall and never looked back. It took a little retracing breather, but it's still in a bearish momentum. However, if market rallies up to test previous structure, there might be a basic structure selling opportunity. RSI is also indicating an overbought condition, which suggests that market is losing buying pressure. There's also a very nice Risk Reward.
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.