I'm currently torn between whether we are:
1) about to complete a minor retrace and thus bounce off of $246 region
or
2) in a corrective move that based on the first wave down from $300 takes us down to $200/$210
If its $246 then I'm confident of a break of the red long term downtrend...followed by an explosive break upwards...not to be missed.
If it's 2 then maybe we still achieve the breakout.
I think I'm going to have to trade both unless anyone can persuade/dissuade me?
Thanks a lot
1) about to complete a minor retrace and thus bounce off of $246 region
or
2) in a corrective move that based on the first wave down from $300 takes us down to $200/$210
If its $246 then I'm confident of a break of the red long term downtrend...followed by an explosive break upwards...not to be missed.
If it's 2 then maybe we still achieve the breakout.
I think I'm going to have to trade both unless anyone can persuade/dissuade me?
Thanks a lot
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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.