All is expressed in price action.
Price went on a strong bear run but went on a pull back. But not yet breaking the ceiling Price. It could be momentum to try and break the floor Price further mode. As the cycle goes, longer first phase, short pull back, longer phase again, short pull back.
But here we're only seeing one cycle. If things continue to go bearish, then we can establish a proper big trend.
Price went on a strong bear run but went on a pull back. But not yet breaking the ceiling Price. It could be momentum to try and break the floor Price further mode. As the cycle goes, longer first phase, short pull back, longer phase again, short pull back.
But here we're only seeing one cycle. If things continue to go bearish, then we can establish a proper big trend.
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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.