Last week this market formed a large bearish rejection candlestick.
The key to this bearish rejection however was that price could not move and importantly close back below the recent swing high and new support level.
This was telling because for all of the large sell off lower, the bulls still held their ground.
If this level continues to hold, then we can continue to look to trade with the momentum higher with new long trades.
The key to this bearish rejection however was that price could not move and importantly close back below the recent swing high and new support level.
This was telling because for all of the large sell off lower, the bulls still held their ground.
If this level continues to hold, then we can continue to look to trade with the momentum higher with new long trades.
