Bull Trap - Back to 52k incoming - Be Cautious.
We are still currently in the consolidation phase. This happens whenever we approach the support, often stop right before, in this case it was 58k before the 56k.
This the bounce before the breakdown to 52k.
Careful longing here and be stay cautious as after this point...
In this chart I have flipped it and compare the pattern with GOLD.
The bear run is still in play in my books.
This the bounce before the breakdown to 52k.
Careful longing here and be stay cautious as after this point...
In this chart I have flipped it and compare the pattern with GOLD.
The bear run is still in play in my books.
Transaction en cours
still holding my shorts from 61750. TP target either 52k or 46k. There might be a pump and dump around the 52k zone to rekt late shorts - so I will keep an eye on it to see if it happens if not I will continue to hold to 46k zone to complete wave 1 of the bear rally.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.