Last post: June 2nd. See chart.
Review: The bears had resumed control of the market from resistance but a break below pivot support was needed.
Update: Price has pulled back to the same key resistance which we want to see hold strong and form a potential double top.
Conclusion: A waiting game now as we let price dictate a clear trend direction. The odds are still very much with the bears.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Review: The bears had resumed control of the market from resistance but a break below pivot support was needed.
Update: Price has pulled back to the same key resistance which we want to see hold strong and form a potential double top.
Conclusion: A waiting game now as we let price dictate a clear trend direction. The odds are still very much with the bears.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading