The mid December bear run has been upward corrected sufficiently now.
The declining lower band indicates a loss of momentum of this corrective movement.
May be we want to see lower prices now. Bears still ruling the market. The January high may be seen as the pivot point.
The declining lower band indicates a loss of momentum of this corrective movement.
May be we want to see lower prices now. Bears still ruling the market. The January high may be seen as the pivot point.
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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.