one of two things will happen in my opinion.
- it looks like its going to the Resistance zone
- it will continue going lower after a bit of consolidation
note that my analysis is for the next 6-10 bars/candlesticks. this is in no way a reversal as of now. Retracements may become reversals but there is nothing to indicate that it has reversed its downtrend.
- it looks like its going to the Resistance zone
- it will continue going lower after a bit of consolidation
note that my analysis is for the next 6-10 bars/candlesticks. this is in no way a reversal as of now. Retracements may become reversals but there is nothing to indicate that it has reversed its downtrend.
here is a different view of the Resistance it needs to break to be an actual Bottom 2