🏈 Solid first Quarter for the Bears! 🐻

2 Eyl 2020

The Bears are off to a good start after reaching our turnaround zone. After a spot landing on the 78.6% Retracement at $2001 price has dropped over $50, and we left our yellow target zone. We take that as a positive sign for further selloffs. However, a first good quarter doesn't make the game. We desperately need to break the red support line at $1916. Only if the bears manage to break this support, we have a final confirmation for lower prices. In this case, the next stop is around $1800. In our scenario, we can not tolerate prices above the $2024 mark. Should we break above this line, our scenario ist invalidated.

What do you think, will the bears make the game?