Currently, the Moving Averages (9 and 21) maintain a downward slope, signaling a bearish trend. The price action in the H4 timeframe corresponds to the Fair Value Gap (FVG) zone, indicating a critical area for potential market movement. To initiate a bullish trajectory, a decisive breakthrough of the FVG zone is necessary.
Additionally, the strength indicator, ADX DI, suggests seller dominance in the market with moderate strength. Observing for a potential crossover of DI+ over DI- could offer further insight into market dynamics.
Disclaimer: Please note that the information provided herein is for educational and informational purposes only. It is not intended as financial advice, and no investment decision should be made solely based on this content. Any actions taken in the financial markets are undertaken at your own risk. Always consult with a qualified financial advisor or investment professional before making any investment decisions.
Additionally, the strength indicator, ADX DI, suggests seller dominance in the market with moderate strength. Observing for a potential crossover of DI+ over DI- could offer further insight into market dynamics.
Disclaimer: Please note that the information provided herein is for educational and informational purposes only. It is not intended as financial advice, and no investment decision should be made solely based on this content. Any actions taken in the financial markets are undertaken at your own risk. Always consult with a qualified financial advisor or investment professional before making any investment decisions.
