Every man and his dog has an idea
Since every 2nd person online can be an expert, heres my take.
If we break out, i believe it will be bullish as show in green, using the previous support levels as resistance to end wave cycles.
If we break down from here.....well its gona be steep. I was being conservative with this bearish break down in red. I think theres a good chance we smash through 5880 on a dump leg and bounce at 5480 and then retest 5880 as resistance again. But Ive illustrated the more conservative bear move. And then we keep moving down to 3000.
I hope which ever-way it plays out , it happens soon.
This is not financial advice in anyway, do not listen to my crazy ideas.
If we break out, i believe it will be bullish as show in green, using the previous support levels as resistance to end wave cycles.
If we break down from here.....well its gona be steep. I was being conservative with this bearish break down in red. I think theres a good chance we smash through 5880 on a dump leg and bounce at 5480 and then retest 5880 as resistance again. But Ive illustrated the more conservative bear move. And then we keep moving down to 3000.
I hope which ever-way it plays out , it happens soon.
This is not financial advice in anyway, do not listen to my crazy ideas.
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.