Impulses were too fast, I think some buyer might wanted to take their profit as the price did go to important seller key level. The price did surplus on the seller side. I assume that seller are conquering this battle. There have chance that shortage will occurs during the pullback. If the RSI reject previous low, this structure will probably become valid and tradeable. If RSI doesn't reject the previous low, the price is likely going to violate this kind of structure.
The price do not show any sign of reversal of momentum as the price kind of overextended here. I can only see a lack of movement during the pullback from the bull side perspectives. They cannot push the price higher anymore.
The price do not show any sign of reversal of momentum as the price kind of overextended here. I can only see a lack of movement during the pullback from the bull side perspectives. They cannot push the price higher anymore.
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.
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.