I honestly can't give a definitive analysis on this one.
On the one hand we have a previous uptrend, and now consolidation following a Box formation confirming the sideways range.
So if we break up we will head to a target of 23,440
On the other hand (with the US going awry with their radical bills being passed) if the M Formation plays out, there is a likelyhood of the price crash down to 18,850.
The technicals are pointing on the UP so I am 70% Bullish and 30% bearish.
I would imagine the first analysis seems more promising to 23,440.
On the one hand we have a previous uptrend, and now consolidation following a Box formation confirming the sideways range.
So if we break up we will head to a target of 23,440
On the other hand (with the US going awry with their radical bills being passed) if the M Formation plays out, there is a likelyhood of the price crash down to 18,850.
The technicals are pointing on the UP so I am 70% Bullish and 30% bearish.
I would imagine the first analysis seems more promising to 23,440.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.