This looks like a very strong TA.
There's alot of pressure on the daily chart and the bulls are working to hold it from going lower but as seen on 4H chart it's now battling on resistance level.
I see this getting rejected at current price level and stomp back to close around the opening.
For the rest of the following weeks it will stay in this downtrend.
Also 13 EMA on daily chart is acting as a resistance upon the bulls. Volume is not quite enough on this level.
RSI looks also waterproof proof that this will reject. I'm waiting for a break in the RSI and seeing the bears take over and push it to the lower supply zones as shown on my chart.
Love to hear your comments.
There's alot of pressure on the daily chart and the bulls are working to hold it from going lower but as seen on 4H chart it's now battling on resistance level.
I see this getting rejected at current price level and stomp back to close around the opening.
For the rest of the following weeks it will stay in this downtrend.
Also 13 EMA on daily chart is acting as a resistance upon the bulls. Volume is not quite enough on this level.
RSI looks also waterproof proof that this will reject. I'm waiting for a break in the RSI and seeing the bears take over and push it to the lower supply zones as shown on my chart.
Love to hear your comments.