The charts are showing us a double top on the weekly. We've had divergence on the daily, and now we are finally breaking down. We have a weekly level at 52K and a Monthly level at 42K. This is where I would be looking to rebuy in on a bounce until we confirm we have made a base of support to build and go higher. Don't HODL, take your profits and look for the next trade! Best of luck to you all.
Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment advisor and do additional research and due diligence on your own before investing and making important investment decisions.- disclaimer**
Comment: **disclaimer- anything mentioned in this forum is for information & educational purposes only and does not constitute investment advice. please talk to your investment advisor and do additional research and due diligence on your own before investing and making important investment decisions.- disclaimer**
Yorum:
We have now made a lower low from the prior low of 59224 back on March 24th. The trend has shifted. If you haven't taken your profits, now's your last chance as we start a new downtrend. 52K, here we come!!!
Yorum:
Making higher lows, a retest of 56K is high probability.