If it doesn't hold the trend lines it will fall quickly to the Target
Komen:
MM are short, now we have 3 target down
Komen:
first level broke the second is very important is way back trend line.
Komen:
zone 2 now is crucial resistance if the price stop there and goes down is very bearish signal and we can go at the target 5000 area very fast.
Komen:
Komen:
Went down as predicted there was a short set up as I highlighted on the chart, price stopped on the trend line green a would try a long here stop 7080.
Komen:
forgot to say the long target, 7850
Komen:
Komen:
area 2 become a resistance area, if the new downtrend channel will work we go down now.
Komen:
1 hour is more gives more clear idea where we are
Komen:
The slow MM will put pressure on the price. Very likely that this mini accumulation will be broken down.
Komen:
7260 first target
Komen:
Slow MM are crossing good sign for long Bias.
despite there is a big resistance I start to accumulate longs from here.
despite there is a big resistance I start to accumulate longs from here.
Komen:
It hit the resistance area should go down 7600 area there I buy more
Komen:
Komen:
this is bad again a short set up all the longs I stop 7300