What was explained on the trading platform means for me that the sellers are stronger than the buyers at this moment, and if you go to the daily frame, you will see that the last downside wave has rebounded from the level 61% Fibonacci level, and this means that the price may head down and strongly in the coming period.
Note
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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.
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.