USDZAR :Market Analysis: Bearish Now, Potentially Bullish at D
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Current Market: Bearish (Downtrend)
The market is currently moving downward from Point C towards Point D, indicating a bearish trend because:
Price movement is consistently heading lower.
A bearish market reflects that sellers are stronger than buyers at this stage.
Point D is located at a critical level, the 127% Fibonacci extension of BC, which is where a potential market reversal (turnaround) is expected.
If the Market Reaches Point D: Bullish (Uptrend)
If the market reverses at Point D, it is expected to shift into a bullish trend:
Reason: The 127% Fibonacci extension level often serves as a zone where sellers lose momentum, and buyers regain control.
An upward move would indicate the market is attempting to reclaim higher levels, such as C or even beyond.
Summary: Expectations for Both Directions
Now: Bearish Trend:
The market is moving downward towards Point D, with sellers currently in control.
If Reversal Happens at Point D: Bullish Trend:
If the price reverses at Point D, the market could shift upward (bullish).
This would mean that buyers have regained control, potentially leading to a steady upward movement.
Overall Insight:
Point D is the key level that will determine the market's direction.
If the price breaks below Point D and continues lower, the bearish trend will persist.
If it reverses at Point D, we can expect the market to turn bullish and move higher
The market is currently moving downward from Point C towards Point D, indicating a bearish trend because:
Price movement is consistently heading lower.
A bearish market reflects that sellers are stronger than buyers at this stage.
Point D is located at a critical level, the 127% Fibonacci extension of BC, which is where a potential market reversal (turnaround) is expected.
If the Market Reaches Point D: Bullish (Uptrend)
If the market reverses at Point D, it is expected to shift into a bullish trend:
Reason: The 127% Fibonacci extension level often serves as a zone where sellers lose momentum, and buyers regain control.
An upward move would indicate the market is attempting to reclaim higher levels, such as C or even beyond.
Summary: Expectations for Both Directions
Now: Bearish Trend:
The market is moving downward towards Point D, with sellers currently in control.
If Reversal Happens at Point D: Bullish Trend:
If the price reverses at Point D, the market could shift upward (bullish).
This would mean that buyers have regained control, potentially leading to a steady upward movement.
Overall Insight:
Point D is the key level that will determine the market's direction.
If the price breaks below Point D and continues lower, the bearish trend will persist.
If it reverses at Point D, we can expect the market to turn bullish and move higher
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The level I was expecting didn’t hold; it broke out instead
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