Hello Traders:
The market is on a Descending Channel on the weekly. Price is in a corrective stage, making swing highs and swing lows. Right now, price is in a bearish impulse move to the downside on the weekly. Check this link on the weekly.
Going down on the daily, price seems to be climbing to retest on the Descending Lower Trendline (Channel Line) on the daily. Could price climb and retest on a key structure to the downside? Price seems to be ending a bullish correction move and starting a bearish impulse move to the downside on a daily.
Price action on the four hourly seems to be on a Horizontal Channel with swing highs and swing lows. url=
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The market is on a Descending Channel on the weekly. Price is in a corrective stage, making swing highs and swing lows. Right now, price is in a bearish impulse move to the downside on the weekly. Check this link on the weekly.
Going down on the daily, price seems to be climbing to retest on the Descending Lower Trendline (Channel Line) on the daily. Could price climb and retest on a key structure to the downside? Price seems to be ending a bullish correction move and starting a bearish impulse move to the downside on a daily.
Price action on the four hourly seems to be on a Horizontal Channel with swing highs and swing lows. url=