one of two things will happen in my opinion.
- it looks like its going to the Resistance zone
- it will continue going lower after a bit of consolidation
note that my analysis is for the next 6-10 bars/candlesticks. this is in no way a reversal as of now. Retracements may become reversals but there is nothing to indicate that it has reversed its downtrend.
- it looks like its going to the Resistance zone
- it will continue going lower after a bit of consolidation
note that my analysis is for the next 6-10 bars/candlesticks. this is in no way a reversal as of now. Retracements may become reversals but there is nothing to indicate that it has reversed its downtrend.
Note
here is a different view of the Resistance it needs to break to be an actual Bottom 2
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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.