As indicated Yest , we were expecting a meltdown which started and didn't finish.
Garnish Pattern Formed in today's CHART indicating probability flying a little bit high,to confirm the flight we should look at $3325 once this level is broken with BULLISH MOMENTUM then we should target the next level @ $3435.
However if we were to confirm our FALL (MELTDOWN) then we should inspect level $3196-99 once this level is broken , then we should wait for a retest and have our ENTRIES and Target $2968 as our TAKE PROFIT zone.
Rising Wedge which we identified on 5/9 09:45. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 3,333.85 within the next 1 hour.
The Bullish momentum seems to be increasing in bits.
Overall we are somehow BULLISH today , until proven otherwise , will be back with further updates as the market continue unfolding.
Garnish Pattern Formed in today's CHART indicating probability flying a little bit high,to confirm the flight we should look at $3325 once this level is broken with BULLISH MOMENTUM then we should target the next level @ $3435.
However if we were to confirm our FALL (MELTDOWN) then we should inspect level $3196-99 once this level is broken , then we should wait for a retest and have our ENTRIES and Target $2968 as our TAKE PROFIT zone.
Rising Wedge which we identified on 5/9 09:45. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 3,333.85 within the next 1 hour.
The Bullish momentum seems to be increasing in bits.
Overall we are somehow BULLISH today , until proven otherwise , will be back with further updates as the market continue unfolding.
Note
Butterfly Fibonacci pattern identified at 5/9 12:00. This pattern is still in the process of forming. Possible bearish price movement towards target levels ranging from 3,333.12 to 3,307.42 within the next 1 hour.let's be on the look out those with small account liquidity.
Trade active
I'm in for a BUY to $3368-70 as my TAKE PROFIT ZONE , afterward i'm anticipating for a FALL , but i'm yet to confirm.
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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.