CAPITALCOM:CIXSo we did get a double top, and a swift in the momentum, to the upside.
If we take a look at the ATR for each day, we can clearly see that the last 3 days (red dots) we did close red, but also the ATR, did increase, and that kinda intresstring...
What we also can see, is that we got a swing to the upside for 28,63 %, if we look at the (swing number one) that was an 28,28% swing, after that we got a downswing for 21,95 %, and after that 12 days consolidation, before going even lower.
Will we find support at the green box, consolidate for some days, and get a new swing low, before moving up to ATH?
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So we got another push down today, and almost at the zone, where to look for some buying pressure/potentaile.. Now we need to get some bullish momentum, try to look or find it at the lower timeframe, before it happen on the bigger.