Summary of the indications:
Hi Traders!
The main setup of the market is that the market reached the weekly lower Trendline,
which is often respected. This Area also confluences with the daily Support.
Also, the high momentum on the bullish movements in comparison to the bearish indicates
strength on the bullish side.
If you have anything to add, another point of view or something else to share, feel free to comment!
Thanks and successful Trading :-)!
- Daily Trend --> Symmetrical Triangle
- Weekly Trendline Support
- Daily Support
Hi Traders!
The main setup of the market is that the market reached the weekly lower Trendline,
which is often respected. This Area also confluences with the daily Support.
Also, the high momentum on the bullish movements in comparison to the bearish indicates
strength on the bullish side.
If you have anything to add, another point of view or something else to share, feel free to comment!
Thanks and successful Trading :-)!
