momentum is running out. smart money not buying this. looking for another move down before going sideways for until for a month or 2 maybe, before resuming downtrend. all depends on how the market absorbs this potential fall.
That being said the opposite could happen and we could make another high, this could be a correction.
That being said the opposite could happen and we could make another high, this could be a correction.
Note
the most probable outcome happened to be correct this time. Market looking to test previous lowsNote
looking for intermediate bottom between 6400 - 6600.
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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.