WHERE THE BUYERS FAILED - UPTREND IS OVER - RANGING - CGC - 60MN
The price has been up trending generally until the buyers were stopped.
The three arrows show where exactly the buyers has been squeezed. The volumes where very important at those points. It is a probable validation that the market wanted to go down.
The horizontal blue lines are marking the new range of the market price. The market is clearly ranging now.
There is probably opportunity in trading range breaks.
A bottom red line has been identified from past price movement and another top green line has been identified from the top of latest huge gape.
At the moment, the market is ranging. It is probably better to use another quality of traders: WAITING.
This is my trading view about this market
The three arrows show where exactly the buyers has been squeezed. The volumes where very important at those points. It is a probable validation that the market wanted to go down.
The horizontal blue lines are marking the new range of the market price. The market is clearly ranging now.
There is probably opportunity in trading range breaks.
A bottom red line has been identified from past price movement and another top green line has been identified from the top of latest huge gape.
At the moment, the market is ranging. It is probably better to use another quality of traders: WAITING.
This is my trading view about this market
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