We are hitting some major resistance levels as well as fibs for shorts.
As long as we don't make a new high or break 6000 soon, we going down.
That 3100 low needs to be taken out in order for serious buyers to step in.
As long as we don't make a new high or break 6000 soon, we going down.
That 3100 low needs to be taken out in order for serious buyers to step in.
Note
We dumped and for now it doesn't seem like it's going back up.5250 should act as strong resistance now.
Trade closed: stop reached
Idea invalidated. Looks like it's pushing towards 6800.
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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.