Bearish Nature
This consolidation have a lot of people confused on direction at the moment.
From looking at the stochastics we have a down trend movement with price movement pushing to the upside, this suggests that a short trend is in play inside this confusing structure.
Even checking on multiple time frames, stochastics still support a short position, until I see a bullish direction both in price and in stochastics, this overall market is still bearish in nature.
Trade with caution being this is not a trending market.
Happy Hunting.
From looking at the stochastics we have a down trend movement with price movement pushing to the upside, this suggests that a short trend is in play inside this confusing structure.
Even checking on multiple time frames, stochastics still support a short position, until I see a bullish direction both in price and in stochastics, this overall market is still bearish in nature.
Trade with caution being this is not a trending market.
Happy Hunting.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.