If we take a look at the large trend on D1 we can clearly notice a downward trend.
We are in a smaller upward trend, but I think we will break this trend in the next few weeks and the downward trend will continue
If the last low breaks I would speculate on a new smaller downward trend
Blue and orange= large trend
light blue and red= smaller trend
white= possible movment
We are in a smaller upward trend, but I think we will break this trend in the next few weeks and the downward trend will continue
If the last low breaks I would speculate on a new smaller downward trend
Blue and orange= large trend
light blue and red= smaller trend
white= possible movment
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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.