After the V bottom recovery and FEDs printing unlimited amounts of money to keep the market up. Finally seeing the market exhausting.
Clues we have for a bearish Bias is
- Break of long term up trend line
- Following the break we form a LH
- Market gives a strong rally up but is met with a strong decline suggesting its a last push.
Right now
We are at a strong support area and is proving to hold up price.
Senario 1
The support holds and we see a recovery from here. (HHs and HLs)
Senario 2
Break support (120 price region) and have a huge sell off.
The next likely area of strong support is at the $100 area
Stay safe guys
Clues we have for a bearish Bias is
- Break of long term up trend line
- Following the break we form a LH
- Market gives a strong rally up but is met with a strong decline suggesting its a last push.
Right now
We are at a strong support area and is proving to hold up price.
Senario 1
The support holds and we see a recovery from here. (HHs and HLs)
Senario 2
Break support (120 price region) and have a huge sell off.
The next likely area of strong support is at the $100 area
Stay safe guys
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.