Currently it is facing high resistance and here market will do a small upward move to liquidate all short position and also will do a breakout trap. Then we will see a wave down as per mentioned in the chart.
After that an impulsive move will come up to $50K level to do a bull trap and then again 1 more leg down below $30K as mentioned in the chart. So this is the highly possible next move of the market.
After that an impulsive move will come up to $50K level to do a bull trap and then again 1 more leg down below $30K as mentioned in the chart. So this is the highly possible next move of the market.
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.
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.