We have seen a Strong Bear move with 4 of 5 days as bearish.
However the previous swing low hasn't been breached yet.
Bears will make second attempt to do so, at favorable levels.
Current bulls, unless they get reinforcements will likely give way to next swing low.
So,
IF Bulls gets re-reinforcements a double top or retest of consolidation zone.
IF More Bears join the party, looking for break of previous lows.
More,likely a consolidation phase coming up.
However the previous swing low hasn't been breached yet.
Bears will make second attempt to do so, at favorable levels.
Current bulls, unless they get reinforcements will likely give way to next swing low.
So,
IF Bulls gets re-reinforcements a double top or retest of consolidation zone.
IF More Bears join the party, looking for break of previous lows.
More,likely a consolidation phase coming up.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.