Morning.
The price is below the key RESISTANCE @$3374 , falling to break HIGHER.
DESCENDING TRIANGLE formation suggests continued downtrend pressure, The fall we had predicted earlier this week is still on formation , however the market is still consolidating.
KEY ZONES to consider a sell ENTRY , if the price breaks below $3253 , this will accelerate the DOWNTREND.
VOLUME CONFIRMATION - A spike in selling volume suggests VOLUME STRENGHTENS the bearish CASE.
OVERALL we have a fall in our MIDST , Let's get ready for it.
Be back later for UPDATES.
The price is below the key RESISTANCE @$3374 , falling to break HIGHER.
DESCENDING TRIANGLE formation suggests continued downtrend pressure, The fall we had predicted earlier this week is still on formation , however the market is still consolidating.
KEY ZONES to consider a sell ENTRY , if the price breaks below $3253 , this will accelerate the DOWNTREND.
VOLUME CONFIRMATION - A spike in selling volume suggests VOLUME STRENGHTENS the bearish CASE.
OVERALL we have a fall in our MIDST , Let's get ready for it.
Be back later for UPDATES.
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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.