Just want to point out that this bear flag is still very much a possibility. Ive been very bullish lately, but it would be remise of me not to point out the obvious.
That being said, if we break this resistance up and retest this level as strong support, ill be looking at LONG positions.
TP1 around top of trend at 25,500, and TP2 at 27k.
a run to 28k would spell a rally in my eyes. With targets around 35k.
Lets see what this week brings!
That being said, if we break this resistance up and retest this level as strong support, ill be looking at LONG positions.
TP1 around top of trend at 25,500, and TP2 at 27k.
a run to 28k would spell a rally in my eyes. With targets around 35k.
Lets see what this week brings!
Ride the waves
Weve broken the local resistance and have been bouncing in a small range within this resistance level. i see a possible bearish div forming, but the bullish sentiment is still active.
lets also note that in past bear markets, a massive bear flag of this sort has actually proven to break UPWARDS when coming out of a market bottom and beginning a rally.
im looking for long entries.