You can see it been strong sell and I believe this might need a little break to become pullback. As you see yellow trend is where current downtrend. This possible breakout, but nothing guarantee yet. Just remember that pink line is our truly downtrend market. You will want to sell it, but the question is WHEN to entry it?
Purple circle is where previous strong support/resistance - this could be our time to pullback (Remember it gotta break the yellow trend then you know it will be buy for short awhile which it might be corrective movement)
I choose to sit back and wait for the purple zone to meet
Purple circle is where previous strong support/resistance - this could be our time to pullback (Remember it gotta break the yellow trend then you know it will be buy for short awhile which it might be corrective movement)
I choose to sit back and wait for the purple zone to meet
Commento:
purple zone is on... make your best pick.