Price showing bearish only daily timeframe after a timely retrace.
Only managed to reach 0.382 fib before bears have taken control back -> shows that the downward trend is still too strong
Expecting price to reach the previous swing low but could fall further
Will exit trade based off daily collective volume switch from bears to bulls
Only managed to reach 0.382 fib before bears have taken control back -> shows that the downward trend is still too strong
Expecting price to reach the previous swing low but could fall further
Will exit trade based off daily collective volume switch from bears to bulls
Comment:
s3.amazonaws.com/tra...shots/z/ZQfcHhqg.png
