This seems to be a reversal of the sell-off, although not strong and hesitant so far.
The slightly bullish development is, after the V recovery, and bull flag consolidation that has a narrow range.
This is a searching market, and bears are more likely to want to bail with profits in tact before many more bars form to lock in $$$ This should cause a brief push up in short-covering at least rather than bulls taking control.
So i anticipate a weak leg B style correction up next, followed by another weaker bout of selling down in
3-5 waves that either forms a marginal double bottom, leg C lower, or higher low. After this I will be bullish and enter more aggressively for a new test of the recent highs in what could be quite a strong and persistent rally.
The slightly bullish development is, after the V recovery, and bull flag consolidation that has a narrow range.
This is a searching market, and bears are more likely to want to bail with profits in tact before many more bars form to lock in $$$ This should cause a brief push up in short-covering at least rather than bulls taking control.
So i anticipate a weak leg B style correction up next, followed by another weaker bout of selling down in
3-5 waves that either forms a marginal double bottom, leg C lower, or higher low. After this I will be bullish and enter more aggressively for a new test of the recent highs in what could be quite a strong and persistent rally.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.