As seen in previous bear trends this year highlighted in gold, after a long dump we will need some sort of consolidation before another drop,
some believe we will bounce up high from this area, I do not.
after we test 5800 i expect consolidation and maybe a bounce to 6200 for up to a week before a sharp drop to 4800-5k once the 5800 is lost.
follow for updates
some believe we will bounce up high from this area, I do not.
after we test 5800 i expect consolidation and maybe a bounce to 6200 for up to a week before a sharp drop to 4800-5k once the 5800 is lost.
follow for updates
Note
If we break resistance at 6548 we could get a nice short squeeze follow through, could go back down to make a higher low first before breaking that area.
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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.