Exit the uptrend
Description
It has been on an uptrend for about 14 months. In fact, after March 2020, when prices moved away from their real value, most markets started an uptrend, but apparently this uptrend has continued so long that it is no longer organic.
The uptrend line that has been around for a long time is broken and there is a support that will probably prevent a re-fall for a while, and a downtrend line is observed that is relatively strong.
But what is the current trend ??
When we get out of the uptrend, we either have to wait for a downtrend or the market will suffer for a while. Side resistance and if the downtrend line overcomes support We should expect a downward channel.
It has been on an uptrend for about 14 months. In fact, after March 2020, when prices moved away from their real value, most markets started an uptrend, but apparently this uptrend has continued so long that it is no longer organic.
The uptrend line that has been around for a long time is broken and there is a support that will probably prevent a re-fall for a while, and a downtrend line is observed that is relatively strong.
But what is the current trend ??
When we get out of the uptrend, we either have to wait for a downtrend or the market will suffer for a while. Side resistance and if the downtrend line overcomes support We should expect a downward channel.
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