We need to wait for strong confirmations

UNFI is experiencing a strong uptrend with sharp movements. Recently, it broke its powerful ascending trendline and is now ranging below it in the lower timeframes. We are observing a bearish scenario and waiting for strong confirmations before considering any downward movements.

6/10/20241 min read

UNFI price chart displaying a strong uptrend, recent break of the ascending trendline, and current r
UNFI price chart displaying a strong uptrend, recent break of the ascending trendline, and current r

UNFI is in a strong uptrend, showing sharp movements and noticeable fluctuations. It had a powerful ascending trendline, but recently, it has broken this trendline and is now ranging below it in the lower timeframes. We have a bearish scenario for UNFI, and we need to wait for strong confirmations before considering any downward movements.