After the spike in the previous trading session once again going through the RXT sell signal, price is now back in market grid.
PPMs 1 and 2 are pointing down for the day, which means that there may be some sell off. However considering there is no major dip incoming in the algos, price may stay within the bounds of the market grid or the previous session's candle.
Bulls do note though that momentum is waning, hence be cautious about further upside potential.
PPMs 1 and 2 are pointing down for the day, which means that there may be some sell off. However considering there is no major dip incoming in the algos, price may stay within the bounds of the market grid or the previous session's candle.
Bulls do note though that momentum is waning, hence be cautious about further upside potential.