I think we are seeing an archer's move. He is from the bull's realm, and to throw is arrow up high he first needs to go the opposite's way . So going a bit down first. So this archer tends his bow, that's the reason of this coming bearish move. It won't be a deep falling, it's just the bullish gang that is preparing its powerfull up move. So to go up, it needs to go a bit down (the bow way).
The down move should be fully validated in 2 ticks (check the confirmation2 of my graph). so a real down move is to be confirmed around 19:00 gmt+0 on July 10th
Check also the horizontal lines I've drawn, they are important in this down move.
Don't take my words for granted, trade, analyze, trade, ....
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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.