Hi guys!
As you can see since we broke out from the trinagle on the 26th of May with low volume, we always had a big sell volume followed by a small buy volume.
What I am looking for is a big sell volume, bigger than the previous buy volumes. We found resistance at the 0.382 fibb. level, which is a great sign for a continuing correction.
If we have a look on the weekly chart, we can find further confirmations of a potential correction.
First: Reversed Hammer green candle - LOW VOLUME
Second: Followed by a doji candle - LOW VOLUME
Third: We are currcently forming our RED reversed hammer - LOW VOLUME
Low volume with these candle formations favours for the bears. Of Course, anything can happen, but it highly more likely to break downwards, than upwards.
***It is not a financial advice, it is only my own opinion***
If you liked the analysis please leave a like, if you have any quesionts leave a comment below!
As you can see since we broke out from the trinagle on the 26th of May with low volume, we always had a big sell volume followed by a small buy volume.
What I am looking for is a big sell volume, bigger than the previous buy volumes. We found resistance at the 0.382 fibb. level, which is a great sign for a continuing correction.
If we have a look on the weekly chart, we can find further confirmations of a potential correction.
First: Reversed Hammer green candle - LOW VOLUME
Second: Followed by a doji candle - LOW VOLUME
Third: We are currcently forming our RED reversed hammer - LOW VOLUME
Low volume with these candle formations favours for the bears. Of Course, anything can happen, but it highly more likely to break downwards, than upwards.
***It is not a financial advice, it is only my own opinion***
If you liked the analysis please leave a like, if you have any quesionts leave a comment below!
Catatan
Closed below the 21 EMA, good sign for bears.
Catatan
Everything goes according to the plan, we have a nice close below the 4H 200 MA
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.