As we can see in the chart the market on Friday had a Bearish trend however we can see that today the market started a BUllish trend however it tested a resistance zone with a significant Wick that shows that the market is probably preparing for a downtrend.
I believe that we should wait for a confirmation before taking any decision of Buy or sell
The confirmation will be 1- a break of the vwap with a significant Volume
2- the break of the support zone
Feel free to express your opinion in the comments
I believe that we should wait for a confirmation before taking any decision of Buy or sell
The confirmation will be 1- a break of the vwap with a significant Volume
2- the break of the support zone
Feel free to express your opinion in the comments