Bearish 3 Point Reversal | Andrew Aponas

7 дек. 2017 г.

In my opinion the volume is starting to get weak for the bulls the last bullish wave was formed with low volume and it does not have the same structure as it had historically as it continued in this uptrend. I think this is going to be the beginning of the breakdown, which is normal considering the ATR is plotting a very high value right now, for today's daily candle to close with a large wick. I have placed a test floor below which may measure to be the entire extent of the C wave, however it may only pause here and continue a breakdown to a major level, the last period of consolidation, drawn as a thick blue line. Thank You, God Bless.