Good day great Traders hope you are all great I know I am
Now let me feed you my introspect on this great rewarding market
Here we go: Weekly we are overall bearish having created successive lower lows and lower highs since 21 December 2021
Daily we seem to have approached a great support level @price level 12400 holding with over 3 touches
Hourly timeframes couple of the last days we have been selling to the downside however the market is currently creating again progressive lower lows and lower highs
Does this mean we should sell? Not yet cause looking at the momentum it is currently steaming out to the downside so should the daily candlestick close below the great 12400 support level the we can come back see what peaks and troughs the market forms then selling should be an option or the market could respect the support level today then that means we should see it retrace to the 12700 level then collect orders sell afterwards
for now, its waiting time Loved it Guys I'll be back to explain again God bless positively comment below tells us what u think
Now let me feed you my introspect on this great rewarding market
Here we go: Weekly we are overall bearish having created successive lower lows and lower highs since 21 December 2021
Daily we seem to have approached a great support level @price level 12400 holding with over 3 touches
Hourly timeframes couple of the last days we have been selling to the downside however the market is currently creating again progressive lower lows and lower highs
Does this mean we should sell? Not yet cause looking at the momentum it is currently steaming out to the downside so should the daily candlestick close below the great 12400 support level the we can come back see what peaks and troughs the market forms then selling should be an option or the market could respect the support level today then that means we should see it retrace to the 12700 level then collect orders sell afterwards
for now, its waiting time Loved it Guys I'll be back to explain again God bless positively comment below tells us what u think