The market has been in consolidation on the daily timeframe for a while now and is currently at the lower points of the mentioned zone. However, we have not made lower lows/lower closes for a while as well. Therefore, this indicates a market neutral stance for now. On the 4 hour chart we do have a forming pennant/triangle formation despite technically being in a downtrend. This indicates uncertainty and, in my opinion, should make traders "think both ways" before executing a trade. As a result, secondary targets have been adjusted (reduced) for the possibility of the market reversing and going up.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.