Bearish microchannel, market is All-in-Short
Bears will sell the Pullback and look for another leg down to test the previous breakout level.
Market has been in a tight trading range. Bears will look to break out of the trading range with continued strong selling. Context on the Weekly chart is good for a stronger sell-off.
Until that happens, bulls will attempt to buy at the bottom of the trading range.
Bears will sell the Pullback and look for another leg down to test the previous breakout level.
Market has been in a tight trading range. Bears will look to break out of the trading range with continued strong selling. Context on the Weekly chart is good for a stronger sell-off.
Until that happens, bulls will attempt to buy at the bottom of the trading range.
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