Where will we go from here? I think bears might be back...
Updated
I would like to see a move lower from here. But it could happen at 5000 level as well. I consider the liquidity line as important for the market makers. So I might have a valid reason to believe that we could see a lower high forming here. Potential targets are marked.
Just a newbie trying to make sense of the market.
A break of this consolidation would be volatile in eather direction.
Just a newbie trying to make sense of the market.
A break of this consolidation would be volatile in eather direction.
Note
we have seen a volatile move just as expected. It confirms my idea. first support is met at 3.6k , second one at 3.4k, third at 3.1k. I expect volatile moves. this was just the beginning of a larger corrective move.
Note
second target reached.
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