The market formed a wick in the monthly timeframe. As always most of the time the market tries to fill the wick in the previous candle. If the market does this it will give us a good reward when a bearish pattern or move comes into play. So we are expecting the market to move towards the green horizontal line from there we can see if the market will signal a possible bearish move
Good luck
Good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.