High impulsive action noted last couple of weeks and even before that.
Expecting short covering on based on the volume gathering from low to the high towards the order block.
Also M formation spotted on Monthly chart seeking correction from the impulse towards the neckline and once the formation completes, we expect a solid move to the downside towards early 1600 levels and maybe more deep as it has already topped now.
Expecting short covering on based on the volume gathering from low to the high towards the order block.
Also M formation spotted on Monthly chart seeking correction from the impulse towards the neckline and once the formation completes, we expect a solid move to the downside towards early 1600 levels and maybe more deep as it has already topped now.
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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.