Although the overall trend is now bearish, the bulls have been taking a beating support after support. We now trading within a extension triangle of the 2019 ATH and the line of extension from parabolic move pacing us about 1 day ad 12 hours from a major move in either direction yet with more favor to the bears if trend continues its current path.
Opportunity in both directions, was i to punt in my unbiased opinion i would favor the bears a bit more right now as the volume isn't favoring a move up as sentiment continues to drop. As always Trade Safely, Happy Trading.
Opportunity in both directions, was i to punt in my unbiased opinion i would favor the bears a bit more right now as the volume isn't favoring a move up as sentiment continues to drop. As always Trade Safely, Happy Trading.
