Still in Bear Market conditions - this means we are still looking to sell when near an area of confluence until price moves into the ACCUMULATION PHASE
BREAK OF 2584 SHOULD SIGNAL A MOVE DOWNWARDS
IF PRICE BOUNCES FOR THE 38.20% FIB METRIC THEN WE COULD SEE PRICE MOVE UP TOWARDS THE 100EMA VALUE OF 2866 AND WE LOOK TO REENTER WITH THE 2ND ATTEMPT
Please leave a comment as all ideas or corrections to my analysis will be very helpful :)
BREAK OF 2584 SHOULD SIGNAL A MOVE DOWNWARDS
IF PRICE BOUNCES FOR THE 38.20% FIB METRIC THEN WE COULD SEE PRICE MOVE UP TOWARDS THE 100EMA VALUE OF 2866 AND WE LOOK TO REENTER WITH THE 2ND ATTEMPT
Please leave a comment as all ideas or corrections to my analysis will be very helpful :)
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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.