Looking at the charts we are trading inside a descending triangle, after the dump, we had this could also be a continuation to lower levels but i see a relief rally coming soon in markets. a final pump before another major crash.
one more thing noting here is this possible H&S in the making, there is a low chance of this working out as we are at the BOTTOM not the top still unless we break the red resistance line this will be valid
one more thing noting here is this possible H&S in the making, there is a low chance of this working out as we are at the BOTTOM not the top still unless we break the red resistance line this will be valid
Comment:
Triangle breaking out, wait for CANDLE CLOSE Above not wick candle close, if we do then it should retest the red line before another leg up to final targets, H&S is still valid so will suggest to wait it out for 1 day before any swing positions