“Sentiment is positive but most probably, we will witness a bearish correction first. Some of the traders will try to take profits now but most probably, the upswing will continue, at least in the mid-term. „
We were right, the correction came straight away. The upswing from the 18th of July is entirely wiped out, so the buy signal is cancelled. The fact that the price bounced from the yellow area is a definitive mood killer here and opens us a way towards new lows.