Price strongly retraced back to the 6k range breaking downtrend resistance and horizontal S/R, all with increasing volumen, drawing a deviation to 3k. Price is above 100/200SMA in weekly, with a three White Soldiers formation. The bearmarket looks more than over, but we Will probably see some shakes before the market starts moving up. Any retrace to 6k zone is a nobrainer buy imo. Objetives of the new bull cicle in chart.
Good Luck
Good Luck
Zlecenie aktywne:
Still heading for the 11.5-12k area
Zlecenie aktywne:
Trade looking good, did short at 11300 area, and I will be searching for a long at 9.4k for a pullback to 11k area again. I dont expect a drop to 6k area, 8k looks good for a nice long squeeze. But will see.
Komentarz:
The similarity of the last cicle price structure is scary, the chart almost nailed the PA for 2 years.
