We've broken the major support line for our uptrend, implying that the bulls are no longer in power. Watch the weekly candle that will close soon. It looks like a bearish engulfing weekly candle that could engulf the last 2-3 weeks.
I am a bear. Keep that in mind, BUT, look at it!
(Not financial advice)
I am a bear. Keep that in mind, BUT, look at it!
(Not financial advice)
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If we close at this level we will have bearishly engulfed 8 weeks worth of price action. That's huge.
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Retesting the broken upward trend support that is now resistance
