Hello community !
Here we can notice that the purple zone is a decisive zone where there's a strong support. The market now is trying to make a pullback on it.
If the Bears outperform the Bulls and break the support, the market will dive.
But I don't see any reason for the Bears to outperform the Bulls, so there is a higher probability for the market to go up than down.
Here we can notice that the purple zone is a decisive zone where there's a strong support. The market now is trying to make a pullback on it.
If the Bears outperform the Bulls and break the support, the market will dive.
But I don't see any reason for the Bears to outperform the Bulls, so there is a higher probability for the market to go up than down.
