While I think larger sentiments and data indicate a continued bull run long term, we can't dismiss continued short term correction and bearish sentiments. Possible 3 wave correction breaking out of falling wedge within ~48 hours.
If we fall South of the wedge that would invalidate this forecast and we'll retest 43k with additional strong support between 40k and 42k. Resistance between 45.5 and 46.5, breaking through here would confirm new uptrend.
Note that I am still learning TA, so feedback very welcome.
If we fall South of the wedge that would invalidate this forecast and we'll retest 43k with additional strong support between 40k and 42k. Resistance between 45.5 and 46.5, breaking through here would confirm new uptrend.
Note that I am still learning TA, so feedback very welcome.
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