SWING TRADE
has been oscillating around 9MA(golden) and 50MA(pink) for quite a few weeks
finally now as 9MA went below 50MA and price still lying below 9MA
shows bearish sentiment
a possible breakdown of triangle is expected short below 23.6% fib retracement levels to 605 monthly support level
next short level to 583 and then possible to 550 levels
ichmoku tenkan went below kijun on the weekly chart
future kumo negative(senkou B above senkou A)
has been oscillating around 9MA(golden) and 50MA(pink) for quite a few weeks
finally now as 9MA went below 50MA and price still lying below 9MA
shows bearish sentiment
a possible breakdown of triangle is expected short below 23.6% fib retracement levels to 605 monthly support level
next short level to 583 and then possible to 550 levels
ichmoku tenkan went below kijun on the weekly chart
future kumo negative(senkou B above senkou A)