As buying volume seems to be decreasing, and as we start to fall onto support down price. This could open us up to a potential double bottom scenario from dec 27th price action. With ichimoku showing us a red twist on the 3hr and wider resistance on the 4 hour it seems to be pressing that direction. That plan obviously could be shot off course with some buying volume entering the market. Either way I think we have a decent forecast for the day.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
