Second bearish wave?
Morning!
►the impulsive crash yesterday was not countered by a rally of close-to-equal or equal size
►VWAP anchored at the previous hit of trendline acts as resistance
►Anchored VWAP also meets the trendline and is the point of the above-average bearish candle at this level
►It is weekend, so I don't expect any godlike movements, but room for 1:1.5, that I see
►If the current bearish candle is followed by another bearish candle of the comparable size, I will expect further downside movement in spite of weekend volumes
Have a great trade!
►the impulsive crash yesterday was not countered by a rally of close-to-equal or equal size
►VWAP anchored at the previous hit of trendline acts as resistance
►Anchored VWAP also meets the trendline and is the point of the above-average bearish candle at this level
►It is weekend, so I don't expect any godlike movements, but room for 1:1.5, that I see
►If the current bearish candle is followed by another bearish candle of the comparable size, I will expect further downside movement in spite of weekend volumes
Have a great trade!
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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.
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.