I don't see a bounce after this big drop but consolidation out of oversold conditions then another drop. $6340 is the large and head and shoulder's target. I believe that in April or May there will be a bigger move than this recent one, beyond $6340, to $4500 which should be the bottom, and "should" is not confirmed.
A weekly lower low will not be printed and the weekly lower pivot will be broken.
A weekly lower low will not be printed and the weekly lower pivot will be broken.
Note
"A weekly lower low will not be printed and the weekly lower pivot will be broken."target surpassed.
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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.