Warning! We Are So Overdue - Bears Are On The Prowl

Here's a bearish scenario.
This is how we might retrace back down to the 38.2% Fib level if the Bulls are not able to push past 12K and keep that as support during the weekend.

Always remember to place your stops at the appropriate levels.

Just be very watchful!

Happy Trading Everyone.

Ron

If you are very optimistic about the market and want a bullish scenario, check this out:
$16K And Beyond May Still Be Possible
Chart PatternsTrend Analysis

Penafian