2026-06-12 07:50 UTC
The candle on 2026-06-05 closed significantly below prior support levels, indicating a breakdown.
Evidence The candle had a wide range with a close near the low, below VWAP.
The candle on 2026-06-08 attempted to reclaim the breakdown level but closed below it.
Evidence The candle showed a lower close with a small body, indicating indecision.
The candle on 2026-06-09 is attempting to reclaim the breakdown level but closed below VWAP.
Evidence The candle has a long lower wick, suggesting buying interest but insufficient to close above VWAP.
The latest candle shows an upper wick rejection, indicating selling pressure near the highs.
Evidence The candle closed below VWAP with a significant upper wick.
The candle on 2026-06-11 closed with strong bearish conviction, confirming the breakdown.
Evidence The candle had a large body with a close near the low, significantly below VWAP.
Volume on 2026-06-09 increased significantly, indicating heightened activity.
Evidence Volume was above the 20-day average, suggesting increased participation.
Volume on 2026-06-11 was extremely high, indicating a potential selling climax.
Evidence Volume was nearly three times the 20-day average, suggesting strong selling pressure.
Open a short position due to strong bearish conviction and breakdown confirmation.
OPEN SHORT
Open a short position due to strong bearish conviction and breakdown confirmation.
The latest candle on 2026-06-11 closed with strong bearish conviction, confirming the breakdown below the support level and VWAP. The high volume suggests a potential selling climax, reinforcing the bearish outlook.
- The candle on 2026-06-11 closed with strong bearish conviction, confirming the breakdown.
- Volume on 2026-06-11 was extremely high, indicating a potential selling climax.
- Price is significantly below the breakdown level and VWAP.
Monitor for continuation of the downtrend or any reversal signals above 244.0.