Scalping Tuesdays - Bullish thoughts on the short and mid term
Our bearish scenario from our last weekly review has played out as I predicted, with a retrace slightly below 39.6k and then a move to around 36k.
Until now, the trend hasn't set any higher highs, so I'm still not convinced of the uptrend continuation. I would trade the retest of the previous high (which coincides with the VAH since we lost the 40k level).
If we go below 36k, I will come with a post to show some bearish targets, but I'm still bullish on the mid-term so I think that's not likely to happen.
Until now, the trend hasn't set any higher highs, so I'm still not convinced of the uptrend continuation. I would trade the retest of the previous high (which coincides with the VAH since we lost the 40k level).
If we go below 36k, I will come with a post to show some bearish targets, but I'm still bullish on the mid-term so I think that's not likely to happen.
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