We've said this many times, we buy falling markets and sell rising markets.
Price action indicates that we could go up to test the support of the descending triangle which is exactly at the 0.5 retracement level of the last swing high to the current swing low. We love to trade the 0.65 so it's a good idea to have some orders there too. In case it starts falling again we believe that it will not fall under 5k before retesting the support of the descending triangle.
If the support is confirmed as resistance than you should expect to see sub 5k prices.
Price action indicates that we could go up to test the support of the descending triangle which is exactly at the 0.5 retracement level of the last swing high to the current swing low. We love to trade the 0.65 so it's a good idea to have some orders there too. In case it starts falling again we believe that it will not fall under 5k before retesting the support of the descending triangle.
If the support is confirmed as resistance than you should expect to see sub 5k prices.
Nota
So, we might see sub 5k values after all.
Nota
Right on target.
Nota
The reaction from the target looked very good but unfortunately the pivot didn't hold.Nota
The pitchfork still works but unfortunately it ignored our primary count and targets.
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.