A lower high has happened inside the pennant. Though, the market sentiment is pretty bullish but the chart shows otherwise. The markets have stumbled through its best time, but the worst has not came yet.
The volume keeps decreasing and thinking that we will break upwards with even lower volume is unlikely. The lower support at 0.786 needs to be tested one more time, if the bulls defend that support, we are expecting a bounce to 0.236.
Either the bulls will be present to defend it, a heinous move will happen sooner or later.
The volume keeps decreasing and thinking that we will break upwards with even lower volume is unlikely. The lower support at 0.786 needs to be tested one more time, if the bulls defend that support, we are expecting a bounce to 0.236.
Either the bulls will be present to defend it, a heinous move will happen sooner or later.