Price has been trading bearish for quite a while now.
assuming the short term trend is down now I can position myself for a short in price on long term view.
assuming the recent fall is a wave A it can be wave 1 but both scenarios indicate that price might continue falling.
from now we can expect a correction to join the bears.
Note that price might not unfold as my price trendlines, I am just giving a picture of what to expect in the near future.
A happy trading to you all.
God Bless You.
assuming the short term trend is down now I can position myself for a short in price on long term view.
assuming the recent fall is a wave A it can be wave 1 but both scenarios indicate that price might continue falling.
from now we can expect a correction to join the bears.
Note that price might not unfold as my price trendlines, I am just giving a picture of what to expect in the near future.
A happy trading to you all.
God Bless You.