The fundamentals of the current medical crisis and the soon-to-be critical financial crisis aside, we can see a large decrease in volume but increasing prices. This typically signifies the continuation of a larger trend. Furthermore, it appears we are in a bear flag and the top just breaches the 0.5 Fib level. Mutiple attempts to breach the supply zone have resulted in depletion of orders.
In summary: down down down to 5.5ish we go!
Not advise, just my opinion. Hope I am wrong. Stay safe, my friends!
In summary: down down down to 5.5ish we go!
Not advise, just my opinion. Hope I am wrong. Stay safe, my friends!