In my previous chart I said I was officially neutral (unofficially bearish), and that I'd become bullish above $9193 and bearish below $8450. If we zoom in we can see how the bull have held fiercely to the $8450 support level and now it seems the local trend line is holding too, which makes the bull side appear to have a slight edge, as the bears seem unable to reach the break down territory. However, this is not necessarily inconsistent with an overall bearish outcome, since we can see the formation of a possible lower high on the overall trend (looking at the weekly and daily charts).
This is why it's important to wait and just observe sometimes, like right now. We're witnessing a conflict, a battle that's still developing and which outcome we do not know, but that some people are foolish enough to think they have figured out.
I'm still unofficially, just because it's what the overall trend tells me, but I will only choose to assume risks once this situation is resolved.
Cheers!
This is why it's important to wait and just observe sometimes, like right now. We're witnessing a conflict, a battle that's still developing and which outcome we do not know, but that some people are foolish enough to think they have figured out.
I'm still unofficially, just because it's what the overall trend tells me, but I will only choose to assume risks once this situation is resolved.
Cheers!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.