Possible a periodic short term change in direction

26 oct. 2020Haven't posted in a while. Quick observation on the 1D chart cycle, we have observed a cyclic 50D cycle and I believe this pump is nearing the 50D mark. Furthermore, the 13200 - 13800USD resistance evelope has been challenged various time wihtout a proper breakthrough.

Shorted since 13160USD. Those on long positions, be slightly more conervative.

Happy Trading.

26 oct. 2020

Transaction en cours

Also, if you observe the 4hr chart, you can start to see the formation of a conventional head-and-shoulder formation with decreasing volume at the top. This further solidifies the bullish prediction.