As you can see since we broke out from the trinagle on the 26th of May with low , we always had a big sell followed by a small buy .
What I am looking for is a big sell , bigger than the previous buy volumes. We found resistance at the 0.382 fibb. level, which is a great sign for a continuing correction.
If we have a look on the weekly chart, we can find further confirmations of a potential correction.
First: Reversed green candle - LOW
Second: Followed by a candle - LOW
Third: We are currcently forming our RED reversed - LOW
Low with these candle formations favours for the bears. Of Course, anything can happen, but it highly more likely to break downwards, than upwards.
***It is not a financial advice, it is only my own opinion***
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Closed below the 21 EMA, good sign for bears.