Following Patterns, w/ a potential bullish outcome.
Here is a comparative analysis, including the RSI indicator.
We must remain above $5,800 for this possible scenario to continue, but if we close a 4h candle below $5,800 I would be closing out of the market.
We are in a very weak unpredictable bear market currently, a tight stop-loss is a must.
We must remain above $5,800 for this possible scenario to continue, but if we close a 4h candle below $5,800 I would be closing out of the market.
We are in a very weak unpredictable bear market currently, a tight stop-loss is a must.
Trade active
So far this forecast has exceeded my expectations, and I will be updating this analysis soon!Trade closed: target reached
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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.