This chart looks bearish, because it sure doesnt look bullish. There is very little bullish volume on the bounce with the lower support, there is very strong volume right after the bounce which is always a sign of a upcoming breakout, then we have some lower highs followed by lower lows, but it is respecting a Resistance coming from the previouse bounce, a lower time frame channel, we see very recently a very big upper tweezer with wick with strong volume indicating bearish, this is going to keep falling.
- MRWIZARD -
- MRWIZARD -
Matteo Messina Denaro