There is obviously heavy selling at this level (6760-6820), not a single hourly close even above 6760 which is exactly last week's open as marked on the chart.
The weekly open 2 weeks ago acted as strong resistance last week too as mentionned in the chart.
We're still in a bearish trend and I believe it is distribution happening again.
The weekly open 2 weeks ago acted as strong resistance last week too as mentionned in the chart.
We're still in a bearish trend and I believe it is distribution happening again.