Market structure:
1. Market is currently in a downtrend as you can see the fall in the left side.
2. Big red bars on the screen are evident.
3. Price is below all Moving Averages
Price action:
After lower lows, now we are seeing a consolidation. This can be either distribution or accumulation.
As a directional trader, I would like to favor the direction by saying it is distribution but market is supreme. I will decide the action based on actions.
Possibilities:
1. Breakout above 25200 - A short covering. View change from bearish to upside.
2. Breakdown below 24950 - A directional short.
1. Market is currently in a downtrend as you can see the fall in the left side.
2. Big red bars on the screen are evident.
3. Price is below all Moving Averages
Price action:
After lower lows, now we are seeing a consolidation. This can be either distribution or accumulation.
As a directional trader, I would like to favor the direction by saying it is distribution but market is supreme. I will decide the action based on actions.
Possibilities:
1. Breakout above 25200 - A short covering. View change from bearish to upside.
2. Breakdown below 24950 - A directional short.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.