Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
Note
There are 3 scenarios:1. Price is moving correctively forming a continuation pattern to the upside, but on the big picture is still forming a reversal pattern to change its direction.
Note
2. Watch for sharp breakdown and look for sell.Note
3. Wait for the price to move impulsively to the upside and form a continuation pattern for buy.
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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.