We're at the bottom of this bear flag it seems and lining up quite well with a support level. The sideways movement won't last forever and typically when price is moving tightly a vicious move in either direction follows so expect to see a big engulfing candle, As of now it's a clear no trade zone as you would be gambling without any odds in your favor for the most part and that's for suckers, I had a chart posted recently that still stands with a bigger picture but this is more showcasing the key level we're sitting on and lining up with one big bear flag that could break soon. I have the support levels marked below where we will likely find you guessed it...support! also the flag pole extension on the bear flag if we were to break relatively soon would be lining up around the $7500 level which is a key support gl.
評論:
We broke out of the bear flag it seems should see a test of the $9400 level gl
評論:
Well that happened fast if $9400 don't hold we should test around 8800-9k again gl.