Break of Major Bullish Trend Line. Prepare For Sell Opportunity.

22 giu 2021

The bullish trend that started over a year ago has been broken by a bearish engulfing candle on the weekly chart. I would look for price to pull back to somewhere between the 38.2 and 50.0 fibonacci retracement levels before starting another push down. As always, wait for confirmation candles within the zone before selling.