Looks like it is struggling to go long, it might retest the red zone line to create a lower high and continue going short.
Market has already completed the round bottom. = 4 HR / Daily Time Frame
Round bottom- Found in the extended downtrend and signify reversal in long - term price movement (Shape like a "U" or it looks like a bowl)
Market has already completed the round bottom. = 4 HR / Daily Time Frame
Round bottom- Found in the extended downtrend and signify reversal in long - term price movement (Shape like a "U" or it looks like a bowl)
Note
This is a SHORTNote
So our prediction was right it retested the red zone. Price did manage to go up and beyond. But here we would look for a sell. If you were patient. It took us with it but that is okay. We can now look for a sell.
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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.