LITTLE MORE IN DEPTH AS IM AT THE DESK TODAY.
WERE APPROACHING 71.8% FIB LEVEL AND PREVIOUS SUPPORT ACTING AT RESISTANCE NOW.
PLEASE SEE VOLUME ANALYSIS. LOOKS FOR DOWNWARD MOVEMENT, PRICE PUSHED HIGHER ON DECREASING VOLUME.
ALSO PRICE CONSOLIDATING, WHICH COULD MEAN BULLS NOT AS STRONG AS BEARS ARE NOW AND PRICE IS BEING PUSHED AROUND. IF BULLS ARE EXHAUSTED THEN A SHARP DOWNWARD MOVEMENT INBOUND.
WERE APPROACHING 71.8% FIB LEVEL AND PREVIOUS SUPPORT ACTING AT RESISTANCE NOW.
PLEASE SEE VOLUME ANALYSIS. LOOKS FOR DOWNWARD MOVEMENT, PRICE PUSHED HIGHER ON DECREASING VOLUME.
ALSO PRICE CONSOLIDATING, WHICH COULD MEAN BULLS NOT AS STRONG AS BEARS ARE NOW AND PRICE IS BEING PUSHED AROUND. IF BULLS ARE EXHAUSTED THEN A SHARP DOWNWARD MOVEMENT INBOUND.