Bull rally? not yet
Based on my analysis: I'm not seeing a bullish rally yet. A correction to 4120 can still be considered. Even a possible correction to 3850 USD which I talked about in my previous idea.
If you checked my previous idea, I've told a possible big move is to occur, and it was the case! I've found a pattern I never saw in my indicator. so I suspected something big that occurred, but it was new so I didn't give my direction.
However, I think there's still a correction calling below 4130 which is still on "high-demand". And we're on a bearish move that will reach at least 4850 easily. But my feelings are more for a fall to 4730.
Right now we have a local bearish movement that can accelerate until reaching that 4730 support level. It can be seen in the S4W/Horizon indicator.
Price may bounce over that support band a bit. And if the price move down below this level, I think we will rapidly reach 4120 price. That would ruin many LONG/BUY efforts from people indeed.
So right now I'm BEARISH, and placed a SELL until 4750. Time will tell for the rest.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
If you checked my previous idea, I've told a possible big move is to occur, and it was the case! I've found a pattern I never saw in my indicator. so I suspected something big that occurred, but it was new so I didn't give my direction.
However, I think there's still a correction calling below 4130 which is still on "high-demand". And we're on a bearish move that will reach at least 4850 easily. But my feelings are more for a fall to 4730.
Right now we have a local bearish movement that can accelerate until reaching that 4730 support level. It can be seen in the S4W/Horizon indicator.
Price may bounce over that support band a bit. And if the price move down below this level, I think we will rapidly reach 4120 price. That would ruin many LONG/BUY efforts from people indeed.
So right now I'm BEARISH, and placed a SELL until 4750. Time will tell for the rest.
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you.
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