Trendline Rejection

25 thg 12, 2020

The upper trendline was rejected closing the daily candle with bears in control,a retest of the lower trendline is likely,looking at the weekly chart you can see the price range is getting tight which mean a breakout in the near future,the bigger trend is a down trend so it is possible that the lower trendline can be broken for a bigger move towards the yellow lower support line,but we do not control the markets so always use proper risk management when entering a trade,overall my bias is short.