Price has penetrated into the cloud and is now stuck in it.
It has tested support and held thus far. But it is a time to be cautious and the evidence is leaning bearish. If we break through support in the 350-357 zone. Time to short it. Other indicators need to improve or it looks like a false breakout occurred. Now is a time to be vigilant.
It has tested support and held thus far. But it is a time to be cautious and the evidence is leaning bearish. If we break through support in the 350-357 zone. Time to short it. Other indicators need to improve or it looks like a false breakout occurred. Now is a time to be vigilant.
