Based on my analysis:
The bear rally was near to its end, but unfortunately, the archer's move is showing that we're
still in a downtrend direction.
We are seeing an archer's move here. The price went up significantly, but it was a false move.
the bear's archer is tending up his bow to "throw" price more lower.
We have a down confirmation in the last indicator at bottom too (S4W hills indicator).
If I was in a LONG trade, because I saw the fast up move, I would stop it immediately. By being in a SHORT trade, it's HODL time.
Don't take my words for granted. Analyze, analyze, trade, re-analyze...
If you like my analysis don't forget to like and subscribe.. thank you
The bear rally was near to its end, but unfortunately, the archer's move is showing that we're
still in a downtrend direction.
We are seeing an archer's move here. The price went up significantly, but it was a false move.
the bear's archer is tending up his bow to "throw" price more lower.
We have a down confirmation in the last indicator at bottom too (S4W hills indicator).
If I was in a LONG trade, because I saw the fast up move, I would stop it immediately. By being in a SHORT trade, it's HODL time.
Don't take my words for granted. Analyze, analyze, trade, re-analyze...
If you like my analysis don't forget to like and subscribe.. thank you