The move on 25th October which led to the flash bullish surge is a strong bullish signal. But seems like it is the only one for now.
There are two trends beginning to take shape currently, a descending triangle and a downward-facing channel on the long term. As the bull flag continues to expand, the uncertainty in market continues to increase as well. Moreover, the sentiments before the flash move were strongly bearish.
An external force or news could act as a catalyst now. Nevertheless, if it progresses like this, bears would take control soon.
There are two trends beginning to take shape currently, a descending triangle and a downward-facing channel on the long term. As the bull flag continues to expand, the uncertainty in market continues to increase as well. Moreover, the sentiments before the flash move were strongly bearish.
An external force or news could act as a catalyst now. Nevertheless, if it progresses like this, bears would take control soon.