New support established, check trend line.
A new trend line is drawn. We're possibly in a falling wedge pattern which would be bullish, but it doesn't look perfect. There is a bullish divergence on the MFI on the 4-hour chart.
My old 10.6k prediction for September seems like will not come true, but we did finish the month bellow the Ichimoku cloud which is going to be resistance.
Very low of the channel would put us back at 6k, maybe around October. I doubt that will happen
My old 10.6k prediction for September seems like will not come true, but we did finish the month bellow the Ichimoku cloud which is going to be resistance.
Very low of the channel would put us back at 6k, maybe around October. I doubt that will happen
Trade active
looking good. Waiting for a new bearish divergence as a sell signal.Trade closed: target reached
At trend line, bearish divergence on the 1hr.
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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.