Sentiment: 25 - Extreme Fear
Trend: Bearish
While the market has been consolidating in a lower area for nearly a week, it is clear that there are a number of strong Sell-side areas to drive price lower.
I understand that accumulation at this point could lead to an aggressive move to the upside, but until I see the trend change I will continue to be bearish in the short term.
focus on the Sell-side (Red) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. Buy-side areas are great for exits 🕵🏾♂️
& Don't forget to follow me on tradingview
Happy Trading
Regards
Mr Ionic
Trend: Bearish
While the market has been consolidating in a lower area for nearly a week, it is clear that there are a number of strong Sell-side areas to drive price lower.
I understand that accumulation at this point could lead to an aggressive move to the upside, but until I see the trend change I will continue to be bearish in the short term.
focus on the Sell-side (Red) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. Buy-side areas are great for exits 🕵🏾♂️
& Don't forget to follow me on tradingview
Happy Trading
Regards
Mr Ionic
