white line: neck line of a valid H&S. we have completed a pull back to it
white box: strong static resistance area + fibo retracement 38% is also in the same area
yellow line: midline of a channel drawn in weekly time frame
green line: ema 200
+ notice that all indicators say that our lovely market is still bearish!!
so, we will drop down... where to next? right...
things are getting reeaaaal interesting. what a great support level we have missed! what will happen next??? I think according to the RSI, a pull back to the lost support level is easily predicted for the king. but after that, say hello to the king on 40,000$ !!! soooo what will happen next??? if you ask me, I say: after remaining on 42,000- 46,000 for a while(...
