Price correction expected
After showing an Anti-climax pattern and the channel trend line acting as resistance, we would wait for a price correction. Indeed, the price fell with high bearish momentum and breaking the bull trend line. We would expect the following:
1. Price will test the bull trend line, and then assess the momentum and price patterns to determine next objectives.
2. Price will continue to fall to a nearby support zone (Channel trend line below or the support zone formed by a congestion zone).
1. Price will test the bull trend line, and then assess the momentum and price patterns to determine next objectives.
2. Price will continue to fall to a nearby support zone (Channel trend line below or the support zone formed by a congestion zone).
Feragatname
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