By Claus Andersen
- Dec. 2018
15 min chart:
So the major trend on these lower time frames is down. Lower highs and lows. Still no significant break of the trendline. I drew in the areas that I have on my chart. These are the areas that I will look for trades the coming days.
Where is price going? My opinion is, that price is trading more sideways than down the past days, so probably a transition into a trading range. The minor trend is a bull channel. 60% that we will go lower before breaking above 10840. Both the bull bars and the bear bars are significant, and there is points to be made in both directions at the moment.
Have a nice trading week.