- The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
- We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- These accumulation of retail traders stop losses coincide with the level of the previous low. This level will serve as the target for our trade.
Chart & Analyst Comments
