Possible support re-test

54
If (big if) we bounce tomorrow, then it could be a bounce off of support. If we don't bounce tomorrow, then I don't think we have a choice but to re-evaluate the thesis. Could be a fake-out to the downside and/or a reaction to the latest rally. Volume yesterday was quite low and the candle made a neutral doji. Volume today supported the sell-side and was closer to average. Looking to see what volume and price do tomorrow. Volume would be expected to be even higher tomorrow if the selloff continues. A rebound could also happen on large volume if buyers think we're oversold. Low volume I think would support further downside as that means this lower price didn't bring in new buyers.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.