The ADX is dropping as trend momentum loses strength.
This happening when price tested Fibonacci retracement levels should be a signal for more lower prices ahead. The red 61.8% level held as selling interest came on at this point. A signal for the bearish trend to resume another week.
Look for a move back toward the $200 level and maybe even lower if momentum builds for the bears.. otherwise just sideways to slightly lower.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.