The tool is in the descending trend. The cascade of local minimums has been formed, which have gathered a lot of liquidity. Trading volumes have fallen, which is clearly visible on the graphics. They can’t buy it higher what speaks of the seller’s weakness. Now the instrument is consolidated in the proximity of the level, which also confirms the short scenario also confirms the short scenario . I am looking for a scrap, and the impulse exit to the shorts.
The goal is updating the local minimum.
The goal is updating the local minimum.
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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.