Last Friday showed the struggles between buyers and sellers with almost full bodied candles negating each others movement on a supply zone.
As we can see on the chart, price currently struggled to get above the supply/resistance zone but it wasn't successful, and with the last 3 red candles we saw on Friday, I am of the opinion the BEARS are back.
I won't say for sure until I see price cross and close below the purple 50 EMA which would make our first target 130.79.
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As we can see on the chart, price currently struggled to get above the supply/resistance zone but it wasn't successful, and with the last 3 red candles we saw on Friday, I am of the opinion the BEARS are back.
I won't say for sure until I see price cross and close below the purple 50 EMA which would make our first target 130.79.
Feel free to comment. Please like and follow for more updates