Hello traders:
Similar like my outlook on NASDAQ, I do see the bearish reversal price action in the making.
Previous sell from the top did not breakout of the HTF expanding structure, and move up once again to the tops.
We then see a double tops in the making, and a LTF ascending channel reversal.
Latest breakout form the channel can be the first sign of the bearish reversal we are waiting for.
Look for LTF continuation correction to get in the on the sell down.
Thank you
Note
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.
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.