June and beginning of July is having large moves in both directions. Let’s see if July & August will bring in a large drawdown – likely on the back of middle east war.
Saving some price action for future reference.
Note the bottom around 10.40am mark, another higher low at 11.40am before a good rally, only to come down again to retest later in the session.
Double top from the pre-market and then elevator down.
The 5 min chart puts things in better perspective:
30 min chart, note the lower highs and the base holding so far, could likely crack in July/August, but first another rally perhaps:
Zooming out on 4h: massive rally since April when Iran war ceasefire came into effect, then top out around 3 June, good size down & up moves since then with lower highs and bottom base.
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