As we can see we are still in a bullish trend channel but the market is right now creating a M - Formation. So it is failing to create a Higher High and Higher Low.
At the same spot we got strong level of daily Supply Zone. I expect a nice drop to the Support Zone. Afterwards we may have the possibility to move up higher again
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.