hey traders, as you can see we didn't manage to blast off the resistance which tells us bulls are not strong enough to take control hence the bears still in control, I saw so many bearish signs which I will be explaining:
- Head and shoulders, which is a very bearish pattern which indicates reversal from bullish-to-bearish.
- The volume still descending, which is bad for the bulls and good for the bears.
if the pattern is executed, it will indicate that price is going to drop to 6900 -ish range considering the price target of head and shoulders.
- Head and shoulders, which is a very bearish pattern which indicates reversal from bullish-to-bearish.
- The volume still descending, which is bad for the bulls and good for the bears.
if the pattern is executed, it will indicate that price is going to drop to 6900 -ish range considering the price target of head and shoulders.