Where will we go from here? I think bears might be back...
I would like to see a move lower from here. But it could happen at 5000 level as well. I consider the liquidity line as important for the market makers. So I might have a valid reason to believe that we could see a lower high forming here. Potential targets are marked.
Just a newbie trying to make sense of the market.
A break of this consolidation would be volatile in eather direction.
Just a newbie trying to make sense of the market.
A break of this consolidation would be volatile in eather direction.
Note
we have seen a volatile move just as expected. It confirms my idea. first support is met at 3.6k , second one at 3.4k, third at 3.1k. I expect volatile moves. this was just the beginning of a larger corrective move.
Note
second target reached.
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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.