After major break in support yesterday and a continuation of a Bear's Short from last week, it would be safe to say we are now in a Bear Market.
We had a steep drop which had bounced off Support @ 1.94365 and we are in another area of demand. There should be one more push up to resistance zone @ 1.96388 and then short position.
Support @ 1.9466
Resistance @ 1.96388
Broken Bullish Channel meaning Bear Market
Shorting are higher probability moves at the moment
Still allow the market to play out even though we do have a game plan, until objectives are met, anything goes in this market.
Happy Hunting.
We had a steep drop which had bounced off Support @ 1.94365 and we are in another area of demand. There should be one more push up to resistance zone @ 1.96388 and then short position.
Support @ 1.9466
Resistance @ 1.96388
Broken Bullish Channel meaning Bear Market
Shorting are higher probability moves at the moment
Still allow the market to play out even though we do have a game plan, until objectives are met, anything goes in this market.
Happy Hunting.
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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.
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.