Target reached, long term structure now needs to hold. Under 3600 and a crash scenario is on the table. We are also under the Daily Bollinger band and very close to the Weekly lower band, both should act as support.
A reversal today would likely confirm the structure. If they don't rally, a large gap down Monday is possible and then this structure would become resistance. If they do rally, there will still be resistance at the green trendline - 3760-3800 area. Over that and it's bullish for a while. Good luck!
A reversal today would likely confirm the structure. If they don't rally, a large gap down Monday is possible and then this structure would become resistance. If they do rally, there will still be resistance at the green trendline - 3760-3800 area. Over that and it's bullish for a while. Good luck!
Note
BTC holdng fib trendline Note
DXY one more high made to resistance line Note
Emini target reached Note
30 year bond yields overshoot of resistance with possible reversal. Worth a watch. Note
I would think 3750 must be overtaken for dip buyers to start stepping in Note
one more low after open is possible but it shouldn't go too far, just enough for people to panic out.
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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.