Possible downward movement of the step the price is currently in a zone of negotiations with important volume maintaining an important stop near the EMA of 55 fundamental periods in my strategy for the analysis of possible continuations of trend. I see a pattern known in my strategy as an ABC pattern, which indicates a range close to the EMA , for a possible continuation of the downward trend, in this case, through its wave C. We see the accompaniment of indicators such as the Squeeze Momentum and MACD histogram with negative directionality accompanied by the loss of strength of the previous movement to the upside in robot, indicated by the ADX . We see a possible selling pattern in the MACD lines. In one-hour timeframes we see important rejections close to the 55-period Ema , also being in a trading area with significant volume and possible patterns for a sell signal. I think it is quite possible to move down with a break of previous lows and continue its trend. The development of the pattern will be seen.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.