One Up and Bear's Short Position
After major break in support yesterday and a continuation of a Bear's Short from last week, it would be safe to say we are now in a Bear Market.
We had a steep drop which had bounced off Support @ 1.94365 and we are in another area of demand. There should be one more push up to resistance zone @ 1.96388 and then short position.
Support @ 1.9466
Resistance @ 1.96388
Broken Bullish Channel meaning Bear Market
Shorting are higher probability moves at the moment
Still allow the market to play out even though we do have a game plan, until objectives are met, anything goes in this market.
Happy Hunting.
We had a steep drop which had bounced off Support @ 1.94365 and we are in another area of demand. There should be one more push up to resistance zone @ 1.96388 and then short position.
Support @ 1.9466
Resistance @ 1.96388
Broken Bullish Channel meaning Bear Market
Shorting are higher probability moves at the moment
Still allow the market to play out even though we do have a game plan, until objectives are met, anything goes in this market.
Happy Hunting.
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.