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Here we can notice that the purple zone is a decisive zone where there's a strong support. The market now is trying to make a pullback on it.
If the Bears outperform the Bulls and break the support, the market will dive.
But I don't see any reason for the Bears to outperform the Bulls, so there is a higher probability for the market to go up than down.
Here we can notice that the purple zone is a decisive zone where there's a strong support. The market now is trying to make a pullback on it.
If the Bears outperform the Bulls and break the support, the market will dive.
But I don't see any reason for the Bears to outperform the Bulls, so there is a higher probability for the market to go up than down.
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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.