Hi Traders!
The market is in a Downtrend.
The concept of this idea is that the market goes up to make a Pullback.
After that, it'll fall down and potentially even reach the Weekly Support.
Here are some indications which supports our view:
- Up-Movement from here:
If you have any kind of question or a different point of view, feel free to comment!
Thanks and successful Trading :-)!
The market is in a Downtrend.
The concept of this idea is that the market goes up to make a Pullback.
After that, it'll fall down and potentially even reach the Weekly Support.
Here are some indications which supports our view:
- Up-Movement from here:
- Bullish Divergence
- Market didn't make any dynamic Pullback since the last Top
- H1-Trendline offers itself as an Entry Trigger
-Down-Movement after Orange Box:
- Daily Trendline
- H4-Resistance
- 38.2% Fib' Retracement
If you have any kind of question or a different point of view, feel free to comment!
Thanks and successful Trading :-)!
