Breakout is not there yet but long way to go…
Hate this but we are still in bear flag pattern. We are not bullish which was too soon. The buy will come up short to complete it and big drop coming the way.
This is how it works from the drop like that.. it has to breakout above 2000 and higher.. for the bulls to take over it has to break the downtrend channel above 2160 area. If it does not break then has to complete the correction otherwise very high risk of spikes and force a down fall.
I love the buy area around 500-600 it has a strongest floor support area. If you are in a buy already or still please be very careful
Hate this but we are still in bear flag pattern. We are not bullish which was too soon. The buy will come up short to complete it and big drop coming the way.
This is how it works from the drop like that.. it has to breakout above 2000 and higher.. for the bulls to take over it has to break the downtrend channel above 2160 area. If it does not break then has to complete the correction otherwise very high risk of spikes and force a down fall.
I love the buy area around 500-600 it has a strongest floor support area. If you are in a buy already or still please be very careful
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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.