We have very strong rejections at the support level which gives a signal that we are bullish market. But in the last two two candles, we can find strong bearish candles which was brought about by a long rejection ffrom the last green candle. This signifies the beginning of a bearish market.
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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.