YES!!!!! Chart patterns made me think of the above titled opinion.
REASONS FOR MY IDEA
1.MONTHLY CANDLE BREAKDOWN WITH GOOD VOLUME
2. OCT 2022 Highs not tested even during 2024 bullish phase shows weakness
3. Weekly candle too shows a voluminous breakdown as shown below
4. 3 BLACK CROWS pattern in the daily time frame recently adds to the woes
5. I will mostly wait for the white trendline break for the entry.(though it is now at the resistance trendline , recent bullish candles may delay the down rally)
6. Given the sl , target are extreme levels.....will update after the white line breakdown.
LET THE MARKET DECIDE.....WE WILL WAIT AND WATCH!!!!!
This is just my opinion.....not a tip nor advice.
THANK YOU!!!!!!
REASONS FOR MY IDEA
1.MONTHLY CANDLE BREAKDOWN WITH GOOD VOLUME
2. OCT 2022 Highs not tested even during 2024 bullish phase shows weakness
3. Weekly candle too shows a voluminous breakdown as shown below
4. 3 BLACK CROWS pattern in the daily time frame recently adds to the woes
5. I will mostly wait for the white trendline break for the entry.(though it is now at the resistance trendline , recent bullish candles may delay the down rally)
6. Given the sl , target are extreme levels.....will update after the white line breakdown.
LET THE MARKET DECIDE.....WE WILL WAIT AND WATCH!!!!!
This is just my opinion.....not a tip nor advice.
THANK YOU!!!!!!
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Related publications
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.