What is your thoughts...here...or to D? Shart Pattern
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Many possibilities, all the reason why its hard.
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I sold at 2 points.
2nd being the red resistance. Why?
If you look at my previous post, I made it clear that to go higher, we had to open and close a daily candle at a specific point. Since we did not even reach that mark, one should always assume that most of the time, the price will meet the minimum of targets, just like here. I see this hitting the bottom and moving sideways along this channel. Then to re-evaluate the next "MICRO" move.
The MACRO, I still see it going below 7K, maybe 6850 to be defended and another price bounce....until 7K is the bottom. This will then confirm we have hit the bottom and we see a long drawn out boring bottom pattern.
2nd being the red resistance. Why?
If you look at my previous post, I made it clear that to go higher, we had to open and close a daily candle at a specific point. Since we did not even reach that mark, one should always assume that most of the time, the price will meet the minimum of targets, just like here. I see this hitting the bottom and moving sideways along this channel. Then to re-evaluate the next "MICRO" move.
The MACRO, I still see it going below 7K, maybe 6850 to be defended and another price bounce....until 7K is the bottom. This will then confirm we have hit the bottom and we see a long drawn out boring bottom pattern.
Trade closed: target reached:
For this short.
Comment:
Still patiently waiting for clarity ... support is still consistent in this channel.
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This community has signals now but with no risk management comms.
