In a slight contradiction to my previous post - as I like to consider ALL options and present them to you, so YOU can make up your own mind.
I saya SLight contradiction, as 73K is Still the target here.
See this channel AP is in? The descending channel we been in for a while.
We seem to be getting rejected off the upper trend line.
The lower line crosses the 1 Fib extension and Hits the rising Long term support around 73K
We do have Support just below the Current PA position on the POC ( Point of control) of the VRVP
So, Hang on and we wait to see what happens.
If PA returns to 78K and then 73K - DO NOT PANIC
This would be SUPERB buying opportunities
So, Consider all the possibilities I have sugested today, Make up your own minds and, if you want to, please do leave a comment
I saya SLight contradiction, as 73K is Still the target here.
See this channel AP is in? The descending channel we been in for a while.
We seem to be getting rejected off the upper trend line.
The lower line crosses the 1 Fib extension and Hits the rising Long term support around 73K
We do have Support just below the Current PA position on the POC ( Point of control) of the VRVP
So, Hang on and we wait to see what happens.
If PA returns to 78K and then 73K - DO NOT PANIC
This would be SUPERB buying opportunities
So, Consider all the possibilities I have sugested today, Make up your own minds and, if you want to, please do leave a comment
Trade active
We Droped quick and are now sitting on the POC mentioned above... We wait to see what happens next
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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.