Price Action (Technical Analysis): Given that price is moving off our respected Monthly Descending Trend Line, price action is moving in a parallel channel what seems to be towards our Weekly Mid-Range Zone where price action can experience a high level of horizontal sensitivity after price breaks-out from an accumulation. If price breakouts to the upside then our targeted exit is around an exhaustion to the 61.8% of our initial bearish impulse. If price breaks out our mid-range zone bearish and pulls back to our mid-range support neckline than we can then find confirmations of entry and exit at new key level of (Weekly) support.
Fundamental Analysis: This Week 7/29-8/2 we will begin to make more sense of higher time frame expectations after the market settles through all these high volume news & reports.
Fundamental Analysis: This Week 7/29-8/2 we will begin to make more sense of higher time frame expectations after the market settles through all these high volume news & reports.