Descending triangle pattern and fake break that occurred in RSI itself break and TRUE back, which is an indication of future upswing
Price has just gone below the last HL, Have to move out of trap zone area ( do not sell!!! ) If price goes down to last HL marked yellow we could see a nice sell. Also a retest can happen back on the trend line make a buy for new HH.
I believe the news about the new vaccine will pushes the price lower. we should just follow the price which will represents the bank's decision. the first target in this correction wave will be around 1860. then I will wait for a short entry towards 1777.
we can buy for short term now. and then wait till it decides whether go up or down
Hey guys Would you sell or would hodl it let me know?
I believe that we should not make any decision base on our or the other's prediction, but what I see is that there is a possibility for the price to touch that red Ichimoku cloud in the weekly timeframe and bounces back up. This is not financial advice. Trade safe.