As you can see, from my main idea we are still in a correction phase. Having possibly finished leg B of this correction, we should be heading for $8500-$8600 with possible wicks to the $8280 region.
I was hoping that we would go up to the .786 fib level, but currently do not see that with multiple bearish divergences showing at the time of writing this.
Once we hit these short term goals, a nice rally to $10.3k will in the books hopefully.
I was hoping that we would go up to the .786 fib level, but currently do not see that with multiple bearish divergences showing at the time of writing this.
Once we hit these short term goals, a nice rally to $10.3k will in the books hopefully.
Trade active
The perfect short! Currently bouncing off the 9150-9250 support, still reckoning we will break through this support and find a base around 8550.Trade active
Just made touch down at $8900, short trade doing marvels so far. Looking for a little bounce here to maybe $9100 then hopefully for downside. Great job for those who followed this trade!
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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.