On a daily timeframe, there are indications that the established uptrend might be weakening. Buyers have been active since June, experiencing a pullback before resuming their buying activity. Despite several attempts to breach certain levels, the market has now decisively broken through these levels.
This morning, the confirmed support level was breached to the downside, signaling a potential shift in market sentiment. Consequently, I am prepared to take a selling position.
Note: Make sure to double-check market conditions, use risk management strategies, and stay updated with relevant news before executing any trades based on this analysis.
This morning, the confirmed support level was breached to the downside, signaling a potential shift in market sentiment. Consequently, I am prepared to take a selling position.
Note: Make sure to double-check market conditions, use risk management strategies, and stay updated with relevant news before executing any trades based on this analysis.
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i took the profit and i will reentry from NY