With internal momentum still favoring the bears (although it could weaken a bit) the next level to consider a buy is inside the highlighted order block on the chart.
Internal trend momentum is measured with the ADX indicator, and it still favors the bears here.
The midpoint of the historical consolidation area (order block) is near $2800 and will re-evaluate indicators if and when that price level is tested.
Thoughts?
Internal trend momentum is measured with the ADX indicator, and it still favors the bears here.
The midpoint of the historical consolidation area (order block) is near $2800 and will re-evaluate indicators if and when that price level is tested.
Thoughts?