Just a punt but I am quite suspicious of this $6.8k level. In previous years this has been crazy significant level and I am not surprised (in hindsight admittedly) that we bounced off it well.
I am liking the reaction to this pivot that has formed but reckon we could see a dip to take out stops from our recent $6.8k bounce and then head up towards the downtrend line as one final act of FOMO before we plummet to the $6k region.
Just a punt...will know more by mid next week for sure!
I am liking the reaction to this pivot that has formed but reckon we could see a dip to take out stops from our recent $6.8k bounce and then head up towards the downtrend line as one final act of FOMO before we plummet to the $6k region.
Just a punt...will know more by mid next week for sure!
Note
So far so goodWont be surprised if people also pointing out this legit H&S formation.
Legit? Yes, because the volume of the left shoulder is higher than the volume of the head...the more you know!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.