Quite big volume candle. Makes it quite likely that the bounce will materialize. But I do not expect 25k++ in this next cycle, rather a continuation of intermediate cycle low which will most likely occur at 4321. Let's see what market gives.
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If you are leveraged, can be wise to just set SL = BE in case market want to mess with your position and go directly to 4321.
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Just raise SL to secure profit. It moves suspiciously slow
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Soon everyone will be bullish again. Just in time to get bearish. People.. Never learn.
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This doesnt look good for bulls to be honest... :)
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Sry, scale locked got messed up. Now here.. There IS hope for bulls at this Level to avoid further downmovement, but they must act quickly and firmly.
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Bulls failed, a failure to hold 6300 will lead to 4321.