D1 : New downtrend is taking place
Watch today's closing for confirmation
A closing level below 38320 would trigger a bearish engulfing pattern
Only a move back and hold above yesterday's high slightly above 41'000
and above the new daily downtrend resistance would force to a view
reassessment of the expected bearish scenario
W1 : This week price action is showing a long white candle which is loosing some
momentum from yesterday's peak.
Indeed, as per D1 today's weekly closing will also be very important as a failure
to close above 38175 would also be negative for the BULLS
M1 : You can see the new downtrend in progress
M3 : irrelevant
Have a great Sunday
All the best
Watch today's closing for confirmation
A closing level below 38320 would trigger a bearish engulfing pattern
Only a move back and hold above yesterday's high slightly above 41'000
and above the new daily downtrend resistance would force to a view
reassessment of the expected bearish scenario
W1 : This week price action is showing a long white candle which is loosing some
momentum from yesterday's peak.
Indeed, as per D1 today's weekly closing will also be very important as a failure
to close above 38175 would also be negative for the BULLS
M1 : You can see the new downtrend in progress
M3 : irrelevant
Have a great Sunday
All the best
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.