I think the market is going to move downward within these two weeks. Just look at the price action every time when the price bounces from support zones. We don't see any attempts to develop an upward movement. It can be a signal that buyers are not ready yet, and they don't have the power to push the market upward. It does not mean that in the long run the market is not bullish
. It is bullish
and keeps potential. But for this the price will have to break important trend lines
and resistance levels. It looks impossible now, and that's is the main reason why the market can reach 6500.00 and 6000.00 support zones.
In order to do this, the price will have to break only the local uptrend line and 7000.00 round number levels. Without it, I would like to talk about the sideways movement between 7300.00 and 7000.00 levels.
And what do you think about the next market steps within these two weeks of 2019? Please, share your thoughts in comments below. Let's discuss this!