We have Rejected $6300 3 times, what could happen next?
We have rejected the $6300 3 times, and the triangle is closing slowly with downward volume over time, we are due some volatility.
If we break the $6400 we could see good short opportunities at $6450-6470 but I advise you keep your stop losses fairly tight as a volume profile suggests there isn't much defending a further upward move toward $6600 if we move beyond $6470
I would advise if we close a 30 min candlestick above or below the trading zone I defined it would suggest a move in that direction for the short term.
We are still in a bear market and remember that the trend is your friend
If we break the $6400 we could see good short opportunities at $6450-6470 but I advise you keep your stop losses fairly tight as a volume profile suggests there isn't much defending a further upward move toward $6600 if we move beyond $6470
I would advise if we close a 30 min candlestick above or below the trading zone I defined it would suggest a move in that direction for the short term.
We are still in a bear market and remember that the trend is your friend
Commentaire:
I'm bearish at the moment after the last candle finished below the 1 hour 21 ema
