Zoomed in closely on the Daily chart, price is now on its final third push higher into MAJOR,MAJOR Channel resistance with not very much room left to go.
I have been saying February 13th as the top and so far it is playing out nicely. I am already short at 38,760 since the near close of yesterday. I am a bit early but not by much. I decided to go with it since I am extremely confident in this trade. From 38,900 down to 21,500.
On the weekly, this week is forming a bull hammer up in space, a key sign of a reversal. The tail portion of the bull hammer when up high is fuel for a long squeeze.
The target area is the monthly rising 200sma at demand, price area 21,500-23,000
I have been saying February 13th as the top and so far it is playing out nicely. I am already short at 38,760 since the near close of yesterday. I am a bit early but not by much. I decided to go with it since I am extremely confident in this trade. From 38,900 down to 21,500.
On the weekly, this week is forming a bull hammer up in space, a key sign of a reversal. The tail portion of the bull hammer when up high is fuel for a long squeeze.
The target area is the monthly rising 200sma at demand, price area 21,500-23,000
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