Bearish Momentum & Breakout
Higher Timeframe Context: Following two consecutive bearish months, price pulled back to a key resistance level this month.
Today's strong rejection down closed below last week's low, signaling seller control.
Expectation: Bearish momentum is expected to continue downward.
Higher Timeframe Context: Following two consecutive bearish months, price pulled back to a key resistance level this month.
Today's strong rejection down closed below last week's low, signaling seller control.
Expectation: Bearish momentum is expected to continue downward.
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.
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.