Why do I expect price to move below 3490 USD?
Firstly, let's look at the chart.
What can you can read from the chart?
What do I expect will happen based on my readings?
I believe, that after fake breakout of trend line and creation of new lower high (below local PoC), price will continue to move lower.
Firstly, let's look at the chart.
What can you can read from the chart?
- Price has been creating lowers highs (LH) for several months.
- Price is below local PoC.
- Fake breakout of trend line
What do I expect will happen based on my readings?
I believe, that after fake breakout of trend line and creation of new lower high (below local PoC), price will continue to move lower.