After an extended run on the Daily chart, since July of last year, we are seeing a break to the downside in GC1!.
After a blow-off top and sharp reversal, the Directional Wave began contracting against the backdrop of prices temporarily grinding higher. We saw a Bearish Warning signal, Bearish Acceleration and the Directional Wave entering the Bear Zone before finally seeing the Bias flip to Bearish.
The question remains, will the medium-term support at the $4,170 level hold until the contract rolls at the end of the month? Or do we blow through it and see a much deeper correction?
After a blow-off top and sharp reversal, the Directional Wave began contracting against the backdrop of prices temporarily grinding higher. We saw a Bearish Warning signal, Bearish Acceleration and the Directional Wave entering the Bear Zone before finally seeing the Bias flip to Bearish.
The question remains, will the medium-term support at the $4,170 level hold until the contract rolls at the end of the month? Or do we blow through it and see a much deeper correction?
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.