There is no denying that the overall trend is still bearish. However, price is currently respecting an H4 demand zone - which might continue to apply pressure to the upside for a minor correction.
Of course, if this correction does not happen and the H4 demand zone breaks, then we continue to ride the trend to the downside and all the way to the next weekly TF demand zone.
#TheTrendIsYourFriend
Of course, if this correction does not happen and the H4 demand zone breaks, then we continue to ride the trend to the downside and all the way to the next weekly TF demand zone.
#TheTrendIsYourFriend
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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.
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.