Hi Traders!
The market is moving between the trendline - which is the resistance - and the support.
We here have a weak downtrend, because we have lower highs and same lows.
We expect the market to make another swing low.
An alternative is that the market could break out upwards and make a new trend.
Thanks and good luck :)!
The market is moving between the trendline - which is the resistance - and the support.
We here have a weak downtrend, because we have lower highs and same lows.
We expect the market to make another swing low.
An alternative is that the market could break out upwards and make a new trend.
Thanks and good luck :)!
