TRUMP is still under heavy selling pressure, and the bears are firmly in control of the market.
Despite a few attempts at stabilization, each recovery has been accompanied by new waves of selling, preventing the bulls from gaining significant momentum. The correction continues to deepen, and confidence among short-term traders is being tested once again.
Right now, there are very few signs that buyers are ready to take control back into their hands. Instead, the market seems focused on exploring liquidity drop zones, as the bears continue to dictate the pace of movement.
Bulls are on the defense.
Bears are still team players.
The selling pressure is showing no signs of easing so far.
Until a strong bullish reaction emerges, caution remains the best strategy. Trying to catch a falling knife can be costly when the trend is still heading down.
For now, the bears are writing history; the question is how much lower they're willing to push before the bulls finally decide to fight back.
Despite a few attempts at stabilization, each recovery has been accompanied by new waves of selling, preventing the bulls from gaining significant momentum. The correction continues to deepen, and confidence among short-term traders is being tested once again.
Right now, there are very few signs that buyers are ready to take control back into their hands. Instead, the market seems focused on exploring liquidity drop zones, as the bears continue to dictate the pace of movement.
Bulls are on the defense.
Bears are still team players.
The selling pressure is showing no signs of easing so far.
Until a strong bullish reaction emerges, caution remains the best strategy. Trying to catch a falling knife can be costly when the trend is still heading down.
For now, the bears are writing history; the question is how much lower they're willing to push before the bulls finally decide to fight back.