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](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=1018,h=607,fit=crop/mP4DRvxXEycnaE1Q/4-AE0pZNZXnpHXNpvP.png)
![UNFI price chart displaying a strong uptrend, recent break of the ascending trendline, and current r](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=328,h=196,fit=crop/mP4DRvxXEycnaE1Q/4-AE0pZNZXnpHXNpvP.png)
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.