Hi Traders!
As you can see the market is in a downtrend.
In the beginning the market was in a strong upmovement.
Then it turned back and then it was moving in a strong downtrend.
This means, that the bulls and bears are both as strong as the others.
In addition, the market has no more strength to move further.
That's why we expect that the market will move in a range.
We recommend to prepare for a ranging market.
Thanks and good luck :)!
As you can see the market is in a downtrend.
In the beginning the market was in a strong upmovement.
Then it turned back and then it was moving in a strong downtrend.
This means, that the bulls and bears are both as strong as the others.
In addition, the market has no more strength to move further.
That's why we expect that the market will move in a range.
We recommend to prepare for a ranging market.
Thanks and good luck :)!
The market stopped and made a short consolidation.
After that it broke further.
Have a nice day!