Price moving very slow on Daily TF.
If looking for longs I would wait for downtrend line to be broken first.
Possible reversals at the support line or look for momentum to be shifted onnce price touches/comes into demand zone below.
Speculators are driving this move down now so hedge funds will likely have limit orders at a much lower price now, ie the demand zone below.
possible spike down and spike back up onced this happens.
If looking for longs I would wait for downtrend line to be broken first.
Possible reversals at the support line or look for momentum to be shifted onnce price touches/comes into demand zone below.
Speculators are driving this move down now so hedge funds will likely have limit orders at a much lower price now, ie the demand zone below.
possible spike down and spike back up onced this happens.
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