Looking at the past downtrend we saw a False bullish brakeout from the descending trendline and a liquidation event took place. [First red Square]
Right now we are experiencing the same; we aggresively broke the uptrend as the sentiment turns ULTRA bearish.
I expect a Liquidation of shorts in the upcoming hours.
Lets see how it plays out.
Right now we are experiencing the same; we aggresively broke the uptrend as the sentiment turns ULTRA bearish.
I expect a Liquidation of shorts in the upcoming hours.
Lets see how it plays out.
Related publications
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.
Related publications
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.