Bearish Nature
This consolidation have a lot of people confused on direction at the moment.
From looking at the stochastics we have a down trend movement with price movement pushing to the upside, this suggests that a short trend is in play inside this confusing structure.
Even checking on multiple time frames, stochastics still support a short position, until I see a bullish direction both in price and in stochastics, this overall market is still bearish in nature.
Trade with caution being this is not a trending market.
Happy Hunting.
From looking at the stochastics we have a down trend movement with price movement pushing to the upside, this suggests that a short trend is in play inside this confusing structure.
Even checking on multiple time frames, stochastics still support a short position, until I see a bullish direction both in price and in stochastics, this overall market is still bearish in nature.
Trade with caution being this is not a trending market.
Happy Hunting.
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