The middaily chart continues with clueless choppy price action inside consolidating volatility range. As BPRO volatility bands suggest, 30.3-35.5k are the main short-range boundaries. Confirmed breakout (daily/weekly close) outside these levels would lead to either 28.7k or 37.3k, which could eventually expand towards 23-24k decline or 40k+ levels and further upside recovery.
BPRO is on the bearish mode yet remember it’s still a choppy clueless movement with tiniest volatility unseen for months where every sudden news from FED or tweet from Elon Musk may cause a cascade liquidation on the market.
Breaker High at 44349 suggests that once this level is reclaimed by bulls with weekly close over that region, R3 51137 should come next. Unless that happens and if bulls lose Breaker Low 31554 (daily/weekly close below) then 26-28k levels should be watched.
BPRO is on the bearish mode yet remember it’s still a choppy clueless movement with tiniest volatility unseen for months where every sudden news from FED or tweet from Elon Musk may cause a cascade liquidation on the market.
Breaker High at 44349 suggests that once this level is reclaimed by bulls with weekly close over that region, R3 51137 should come next. Unless that happens and if bulls lose Breaker Low 31554 (daily/weekly close below) then 26-28k levels should be watched.
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