The bears took control of the market today!

١٣ أكتوبر ٢٠٢٠

As you can see from the chart, the price broke an important support zone at 3280 with high volume showing the real intention of the direction of the market. After that the price consolidated for a while to trap the buyers who went long. Then, the price collapsed heavily exceeding 3276 area that was a significant zone to break and went downward giving a beautiful short trade. Sellers would have exited the market at 3258 with beautiful profits!