CONFIRMATIONS!
- Market pushed up significantly from the untested support level marked
- Market has broken a Lower Low, Lower High downtrend
I'm expecting the market to come down to the untested level of support and find some kind of support there. When price comes to that level I'm going to look for some rejections letting me know that the sellers are out of momentum and the buyers are going to take over. My targets are based on the next untested level which is marked up on my chart.
Let's see how this one plays out!
- Market pushed up significantly from the untested support level marked
- Market has broken a Lower Low, Lower High downtrend
I'm expecting the market to come down to the untested level of support and find some kind of support there. When price comes to that level I'm going to look for some rejections letting me know that the sellers are out of momentum and the buyers are going to take over. My targets are based on the next untested level which is marked up on my chart.
Let's see how this one plays out!