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MES1! could head down to 2800-2750 zone

MES1! could head down to 2800-2750 zone

People wanna blame the Corona virus, I just trust the candles. Pink lines show weekly levels here on this 4 hour chart.Speaking of the weekly chart, take a gander and see that this weeks candle is a huge shooting star following the largest bearish weekly candle in years. The bulls can enjoy the bounce for a bit more but in the next coming weeks, I think we'll see 2800 tested. If not, price should head back up to 3200 zone then head down, but in my opinion, that's not likely.

Anyway, be careful out there and happy trading everyone!

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