Volatility hell broke loose yesterday evening with prices making wild swings. The pitchfork setup from the previous update proved valid as it signaled an 80-bucks sell-off. Still, the main bullish trend remains intact as seen in this daily chart:
The market is trending in Wave 3 -- usually the strongest wave in the cycle. My view is that the price could make a new high before completing Wave 3. Pay attention to this Pitchfork, which is our main channel for the Daily chart.
The intraday chart contains detailed short-term price levels and waves.
The market is trending in Wave 3 -- usually the strongest wave in the cycle. My view is that the price could make a new high before completing Wave 3. Pay attention to this Pitchfork, which is our main channel for the Daily chart.
The intraday chart contains detailed short-term price levels and waves.
Note
The last dip was bought, and the price returned to the support/resistance area. New highs still possible. The bad thing for buyers would be a 15-min candle close below $1533 (within the pitchfork channel).
Telegram: t.me/NixTrading
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Related publications
Disclaimer
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.
Telegram: t.me/NixTrading
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Сигналы: NixService.net
Агент-аналитик: t.me/NixAgent
Related publications
Disclaimer
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.