The first wave down was brutal. 17k to 6k and it took 1 month.
Second wave down was a little less brutal. 12k to 6.5k and it took 1.5 months.
Third wave down is even slower, 10k to 5.7k in 2 months, which means bears are running out of steam and accumulation is happening.
We can go even lower to 5.5k or 5k but I will definitely be a buyer there as well.
Second wave down was a little less brutal. 12k to 6.5k and it took 1.5 months.
Third wave down is even slower, 10k to 5.7k in 2 months, which means bears are running out of steam and accumulation is happening.
We can go even lower to 5.5k or 5k but I will definitely be a buyer there as well.
Trade closed: target reached
Take those nice profits from 6k, we can long again on a break of 8500.
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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.