Possible bullish wave in January
Based on last price movements I believe we might see a bullish wave in January to aim and retest 35000.
Here are some reasons to think about it:
-Price is currently lying on the upper line of the descending channel. A line that was broken a few weeks ago.
-Price has been forming a triangle for the last 10 days. We have seen this type of structure several times during the last year. Every time it happend, trend changed direction at least temporarily.
-There is a possible formation of a cypher (blue one): .78 fib happens to concur with 35k which is a level that has been rejected several times and could be a good entry for shorts aiming to new lows. Last year we saw a perfect cypher that worked out very well (red one)
-Lastly a possible ABCD could be taking shape as well:
This idea could be validated with good CPI numbers in January.
Here are some reasons to think about it:
-Price is currently lying on the upper line of the descending channel. A line that was broken a few weeks ago.
-Price has been forming a triangle for the last 10 days. We have seen this type of structure several times during the last year. Every time it happend, trend changed direction at least temporarily.
-There is a possible formation of a cypher (blue one): .78 fib happens to concur with 35k which is a level that has been rejected several times and could be a good entry for shorts aiming to new lows. Last year we saw a perfect cypher that worked out very well (red one)
-Lastly a possible ABCD could be taking shape as well:
This idea could be validated with good CPI numbers in January.
Not
Possible scenario if the triangle breaks downside:Not
İşlem elle kapatılmış
I dont trust any upside movement more. Tomorrow CPI could complete a scary head and shouldersİşlem aktif
Price broke out of the red wedge so I am considering a retrace to 33,5k levels. That could be the formation of an inverted H&S. If this is validated, then I would consider the idea of a double top at around 36k. That could happen in this trimester leaving a bearish outlook for the rest of the year. Not
Not
Selling pressure could continue until 32k
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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.
İlgili yayınlar
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.