It's a bit early to declare that, but I see some kind of weakness in buyers behavior. If you compare this chart with Gold, you'll see the same inability overcome the previous High(875clp in our case).
I'll wait for a confirmation, we have to come back to the blue trading range.
The channel marked with green color also could be helpful, so we can be in a phase C at this moment and the current movement could be define as an Upthrust in a downslope TR.
I'll keep updated this chart.
I'll wait for a confirmation, we have to come back to the blue trading range.
The channel marked with green color also could be helpful, so we can be in a phase C at this moment and the current movement could be define as an Upthrust in a downslope TR.
I'll keep updated this chart.
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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.