Bullish Probability: 40%
Bearish Probability: 60%
Trend Structure: The market is currently in a downward channel, indicating bearish control unless a breakout occurs.
Pattern Formation: A descending wedge is forming, which can act as a reversal pattern if confirmed.
Momentum Indicators: RSI is below the mid-level, suggesting weak bullish strength. ADX shows that the bearish trend is still dominant but not overly strong.
Breakout Potential: A breakout above the descending trendline could shift momentum toward the bulls, but as of now, bearish sentiment prevails.
Conclusion:
Bearish momentum is slightly stronger, but the possibility of reversal exists if key resistance levels are broken.
Confirmation signals are needed before any major trend shift.
Bearish Probability: 60%
Trend Structure: The market is currently in a downward channel, indicating bearish control unless a breakout occurs.
Pattern Formation: A descending wedge is forming, which can act as a reversal pattern if confirmed.
Momentum Indicators: RSI is below the mid-level, suggesting weak bullish strength. ADX shows that the bearish trend is still dominant but not overly strong.
Breakout Potential: A breakout above the descending trendline could shift momentum toward the bulls, but as of now, bearish sentiment prevails.
Conclusion:
Bearish momentum is slightly stronger, but the possibility of reversal exists if key resistance levels are broken.
Confirmation signals are needed before any major trend shift.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.