This move suggests that bullish momentum has weakened significantly, and the breakdown may mark the beginning of a broader bearish phase. The sell signal is further reinforced by increased trading volume accompanying the break, which adds credibility to the move and points to growing selling pressure.
For traders, this may be a sign to exit any remaining long positions and consider potential short setups. Risk management remains essential, especially if the price re-tests the broken lower fork boundary. Key levels to watch moving forward include previous swing lows and possible retracement zones where the market might pause or find temporary support.
As always, it’s best to combine this signal with confirmation from other indicators or broader market context before making trading decisions.
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