The correction we have been seeing for a long while now has been "confirmed" by the conventional analysts... I think they use a 10% threshold...
For us the correction started once prices broke and closed below EMA10/50.
Confirmation happened at the double rejection on the EMA50 magenta line (marked yellow).
Now, we have a many red candles, a falling window and bearish indicators.. This all points lower.
Additional details on the chart.
Conditions for change
The falling window is the main resistance short-term, the first level to conquer if the bullish want back in the game.
Thank you for reading.
Namaste.
For us the correction started once prices broke and closed below EMA10/50.
Confirmation happened at the double rejection on the EMA50 magenta line (marked yellow).
Now, we have a many red candles, a falling window and bearish indicators.. This all points lower.
Additional details on the chart.
Conditions for change
The falling window is the main resistance short-term, the first level to conquer if the bullish want back in the game.
Thank you for reading.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
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t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
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t.me/masteranandatrades/6172
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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.