If we look at the weekly chart, we can see that the market has broken the uptrend trendline but it's not downtrend YET!!
If market terminates the first demand, we can say that the market is downtrend and it will fall down to the second demand.
So now the market is in the consolidation phase.
If market terminates the first demand, we can say that the market is downtrend and it will fall down to the second demand.
So now the market is in the consolidation phase.