So couldn't stay above 50k for long, went down quickly and bears are piling it. BUuuuuut, what if it actually traps the bears now and shoots up double crossing all the CIA agents?
Note
Another view - interesting to see if it would honor channel based on parallel created from lows:Note
Retest should hold but I doubt seeing it above 53k soon.Note
Stopped at the red box buut may go through it. I really don't think it would go to 55k just like that.Note
Two views:15min timeframe:
1H timeframe:
Note
Very whipsaw movement, tough day to trade but direction should be known very soon. Stock market is taking a beat today.
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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.