Reasons:
SQZMOM: Still in the dark green zone.
ADX: Losing momentum.
Price Structure: Forming lower highs while being held back by a double bottom support area.
I'm posting this idea mainly to keep a record of my analysis and improve my market-reading skills over time.
Based on the current setup, I don't think the price has enough strength to break the downtrend that has been developing over the past few months. Of course, only time will tell.
SQZMOM: Still in the dark green zone.
ADX: Losing momentum.
Price Structure: Forming lower highs while being held back by a double bottom support area.
I'm posting this idea mainly to keep a record of my analysis and improve my market-reading skills over time.
Based on the current setup, I don't think the price has enough strength to break the downtrend that has been developing over the past few months. Of course, only time will tell.
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.
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.