The market structure on the weekly remains bearish, however the trends after the breakdown still fails to develop.
The question wheter the break-down was a beartrap or the beginning of another year of bearmarket is hard to say at this point.
All the moves (up and down) were faded and market continued to chop and liquidate overleveraged traders.
Bias is bearish but absolutely not sure.
Plan of action is to remain in cash, waiting for more clarity.
Best regards.
The question wheter the break-down was a beartrap or the beginning of another year of bearmarket is hard to say at this point.
All the moves (up and down) were faded and market continued to chop and liquidate overleveraged traders.
Bias is bearish but absolutely not sure.
Plan of action is to remain in cash, waiting for more clarity.
Best regards.