This move 1st chart) didnt go very far, and looks weak at first glance, but I think it is deceptively strong actually. I think we will have 1 more run to 80,600, give or take a few hundred, and then the big selloff will commence. Throw me back in the bear camp!
The big green candles i was expecting that would blast us away from the TLs below didnt happen. If that was going to happen, it would have happened today I think. Price action this week showing some real battles too. Thats a sign of reversal soon.
80,600 has many lines matching up there. The more I look the more I find. Not to mention the most obvious one of all (chart 2).
I'm still in this long (barely), but the low at 77k has held so far. Moving target a tad bit closer to 80,300 to try to ensure it's filled.
Want to see how the price action looks on way there (if it does go there), but plan now is to go short at same spot I want to take profit
The big green candles i was expecting that would blast us away from the TLs below didnt happen. If that was going to happen, it would have happened today I think. Price action this week showing some real battles too. Thats a sign of reversal soon.
80,600 has many lines matching up there. The more I look the more I find. Not to mention the most obvious one of all (chart 2).
I'm still in this long (barely), but the low at 77k has held so far. Moving target a tad bit closer to 80,300 to try to ensure it's filled.
Want to see how the price action looks on way there (if it does go there), but plan now is to go short at same spot I want to take profit