The triangle: a measured move to the upside takes us to about 15k, and a measured move to the downside would take us to around 7k.
Exceeding 13.7k on the upside would avert downside, and depending on the structure, a solid close into the 15k region could be the beginning of a new rally.
On the downside, we have monthly, weekly and trendline support. A final capitulation cannot be ruled out. Markets must move to take the most money from the most people - what will those be doing at 8k when they got out credit cards to buy in at 18k?
A touch of 9-7k range is perfectly acceptable and a welcome buy opportunity. A weekly or even monthly CLOSE in that same region will be cause for concern that a multi-month bear market is beginning. I see no fundamental justification for this, so I will be buying when I'm certain downside has been averted.
Exceeding 13.7k on the upside would avert downside, and depending on the structure, a solid close into the 15k region could be the beginning of a new rally.
On the downside, we have monthly, weekly and trendline support. A final capitulation cannot be ruled out. Markets must move to take the most money from the most people - what will those be doing at 8k when they got out credit cards to buy in at 18k?
A touch of 9-7k range is perfectly acceptable and a welcome buy opportunity. A weekly or even monthly CLOSE in that same region will be cause for concern that a multi-month bear market is beginning. I see no fundamental justification for this, so I will be buying when I'm certain downside has been averted.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.