After a long period ranging between the two blue lines (support/resistance), we are observing a break out in the downside.
The history of the market tells us that it has several times tried to revert with very strong volumes. ALL FAILED!
Until we had the confirmation of the downside trend.
What to look up next:
Check the volumes and see if it helps the market to revert the trend otherwise there is a high probability for the market to keep decreasing even if the slope have flatten a bit.
The history of the market tells us that it has several times tried to revert with very strong volumes. ALL FAILED!
Until we had the confirmation of the downside trend.
What to look up next:
Check the volumes and see if it helps the market to revert the trend otherwise there is a high probability for the market to keep decreasing even if the slope have flatten a bit.