Update to the last video. We are at strong technical support with the weekly BB being hit today and the daily BB being hit 5 days in a row. A small bounce is expected at these levels. However, because a number of traders are trapped I don't expect a large rally at this time. A run up to and slightly above 4300 may be about it before more selling. Target is still 4050 area.
Nota
mistake - target would be 4340Nota
one more down today would probably bring some sort of capitulation move, but I think one down and then a mild bounce back to 4330 (gap area) is likely for a week or more.Nota
any rally at open should get sold into. should be a bad day for bulls if i'm correct. one more down would get through the 18ma weekly, but i don't think it would last long. a wick through those important ma's are very common.Nota
one more push up is possible - complex correction to confuse the playersNota
taking a quick break and checking the markets. OK, so the move up was more than I expected (and I should have expected that). Now we're getting the selling i thought would come, however, we could find support at the breakout of 4280 and continue up. Underneath that level and we're going for one more low tomorrow. I can't really tell it could go either way. Penerbitan berkaitan
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Penerbitan berkaitan
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.