New York market will be opening very soon and it will be very interesting to see where this market goes. We are in a very crutial point on nasdaq where this retest on the bullish structure can be the sign for a big fall as analysed last analysis. However if we do see the price creep back inside the structure then we can see more bulls coming back in pushing prices high again and most likely even creating new highs.
For now I will still strongly side with the bears as the bullish structure has been broken. Things can easily change so always have good risk management in place.
For now I will still strongly side with the bears as the bullish structure has been broken. Things can easily change so always have good risk management in place.