So here we see a retracement if you’re looking at edit in terms of it being a down market or bear market whatever term you want to use the retracement cross to 23% marker which is the redline a cross the white area and into the green and as you can see right there we have a pause a pause here indicates that there is downward pressure exceeding the upward pressureWe just have to keep notating how long this pressure can maintain we have to keep watching it
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.