Right now the channel is pre-dominant.
We can expect it to move up to 12,235 before comes back down to 9,000.
Bearish
Concerns, if for some reason things start showing glimmer of hope, it could be forming a W Formation which the price can break up and will send the price to near highs for the year. But right now, with the channel in play, bearish is more dominant.
We can expect it to move up to 12,235 before comes back down to 9,000.
Bearish
Concerns, if for some reason things start showing glimmer of hope, it could be forming a W Formation which the price can break up and will send the price to near highs for the year. But right now, with the channel in play, bearish is more dominant.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)