Price did not progress downwards as expected. Price could bounce here as the downside momentum seems to have slowed. Thanks MooreCapital for first mentioning that as a possibility
Kommentar
⋅
Price is still hugging the support line. The move down is not decisive anymore. However I am still looking lower
Kommentar
⋅
Still hugging the support line. Momentum has died for now
Kommentar
⋅
price is not bouncing... more downside in store imho
Kommentare
sezginelif
⋅
I see 2 Inverted hammars which means that Byers is trying to get control. Next week it will be clear.
moorekapital
⋅
We can also argue that the bears are loosing momentum( look at the size of the bears following that huge bear under your red line. Now, I think tis largely in trading range(TR), controlled by the leg up from 1.0000 to 1.12-1.13 neighbourhood