Target reached, long term structure now needs to hold. Under 3600 and a crash scenario is on the table. We are also under the Daily Bollinger band and very close to the Weekly lower band, both should act as support.
A reversal today would likely confirm the structure. If they don't rally, a large gap down Monday is possible and then this structure would become resistance. If they do rally, there will still be resistance at the green trendline - 3760-3800 area. Over that and it's bullish for a while. Good luck!
A reversal today would likely confirm the structure. If they don't rally, a large gap down Monday is possible and then this structure would become resistance. If they do rally, there will still be resistance at the green trendline - 3760-3800 area. Over that and it's bullish for a while. Good luck!
評論:
BTC holdng fib trendline
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DXY one more high made to resistance line
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Emini target reached
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30 year bond yields overshoot of resistance with possible reversal. Worth a watch.
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I would think 3750 must be overtaken for dip buyers to start stepping in
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one more low after open is possible but it shouldn't go too far, just enough for people to panic out.
