Can we see a short move?
Updated
Blue arrow are my «long term» paterne. The yellow line represente short-term paterne. If we see a break of the yellow paterne we could see a down side move all the way to the bottom (100% fib) and then futher movement.
Note
ibb.co/bssZ7KjP shape on the volume profile on the last move. Volume was concentred at the top. This can act like a resistance zone. Plus, we had a nice selling pressure. If this hold we could see further down side move.
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.