Market structure:
1. Market is currently in a downtrend as you can see the fall in the left side.
2. Big red bars on the screen are evident.
3. Price is below all Moving Averages
Price action:
After lower lows, now we are seeing a consolidation. This can be either distribution or accumulation.
As a directional trader, I would like to favor the direction by saying it is distribution but market is supreme. I will decide the action based on actions.
Possibilities:
1. Breakout above 25200 - A short covering. View change from bearish to upside.
2. Breakdown below 24950 - A directional short.
1. Market is currently in a downtrend as you can see the fall in the left side.
2. Big red bars on the screen are evident.
3. Price is below all Moving Averages
Price action:
After lower lows, now we are seeing a consolidation. This can be either distribution or accumulation.
As a directional trader, I would like to favor the direction by saying it is distribution but market is supreme. I will decide the action based on actions.
Possibilities:
1. Breakout above 25200 - A short covering. View change from bearish to upside.
2. Breakdown below 24950 - A directional short.
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.
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.