Last year October, we had a transfer of control from Demand to Supply. As of last month, we had another continuation downward move from it's SZCP, creating a lower high which indicates a confirmation of the downtrend.
Price has continued to break our trendline and is currently being rejected on the current pivot. In addition to that, it has also invalidated the immediate opposing DZ, showing strength in it's downward move.
I expect price to continue moving lower from this point forward.
To FIM members, please execute with caution as there are no distinct SZ in Daily TF.
Price has continued to break our trendline and is currently being rejected on the current pivot. In addition to that, it has also invalidated the immediate opposing DZ, showing strength in it's downward move.
I expect price to continue moving lower from this point forward.
To FIM members, please execute with caution as there are no distinct SZ in Daily TF.
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