Here I have drawn out the Bearish trend indicated by the Lower Highs & the Lower Lows.
We currently have a slight push moving back upwards but this does not mean we are in the clear yet. We still have a strong possibility to drop too .225 & continue this Bearish trend.
We could see a push out of this trend & hit the .247 resistance followed by a retest too .236, what follows that will be a strong indicator of where we are headed next.
If we get a retest & continue to fall too .225 then we are still Bearish, but if we are able to retest & move too .25 we may be in a Bullish trend moving through the night. Which would be a solid indication of a Buying opportunity for a Swing Trade.
*Not Financial Advice
We currently have a slight push moving back upwards but this does not mean we are in the clear yet. We still have a strong possibility to drop too .225 & continue this Bearish trend.
We could see a push out of this trend & hit the .247 resistance followed by a retest too .236, what follows that will be a strong indicator of where we are headed next.
If we get a retest & continue to fall too .225 then we are still Bearish, but if we are able to retest & move too .25 we may be in a Bullish trend moving through the night. Which would be a solid indication of a Buying opportunity for a Swing Trade.
*Not Financial Advice
