Market structure:
1. Market is currently in a downtrend as you can see the fall in the left side.
2. Big red bars on the screen are evident.
3. Price is below all Moving Averages
Price action:
After lower lows, now we are seeing a consolidation. This can be either distribution or accumulation.
As a directional trader, I would like to favor the direction by saying it is distribution but market is supreme. I will decide the action based on actions.
Possibilities:
1. Breakout above 25200 - A short covering. View change from bearish to upside.
2. Breakdown below 24950 - A directional short.
1. Market is currently in a downtrend as you can see the fall in the left side.
2. Big red bars on the screen are evident.
3. Price is below all Moving Averages
Price action:
After lower lows, now we are seeing a consolidation. This can be either distribution or accumulation.
As a directional trader, I would like to favor the direction by saying it is distribution but market is supreme. I will decide the action based on actions.
Possibilities:
1. Breakout above 25200 - A short covering. View change from bearish to upside.
2. Breakdown below 24950 - A directional short.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。