We are correcting on the upside from that violent bearish wave 3.
A textbook bearish crab has form on the important Fibonacci supports. The target for the correction is 8900$.
Because the sell-off was so violent, we may see a further correction to the upside.
Buy zone: Small amounts up to the B point (about 8500$)
Sell zone: 50% at 8900$. We may overshoot so keep some on the side.
After this correction we are probably heading down again,
A textbook bearish crab has form on the important Fibonacci supports. The target for the correction is 8900$.
Because the sell-off was so violent, we may see a further correction to the upside.
Buy zone: Small amounts up to the B point (about 8500$)
Sell zone: 50% at 8900$. We may overshoot so keep some on the side.
After this correction we are probably heading down again,
Сделка активна:
So far so good.
We have broken the resistance of the A point from the ABC correction.
Next stop is the C point which again, should be at around 8900-9000$
We have broken the resistance of the A point from the ABC correction.
Next stop is the C point which again, should be at around 8900-9000$
Сделка закрыта вручную:
Sold at 8700$ and shorted on the way down.
I'm probably getting back in at about 7850$ if this support shows resistance.
I'm probably getting back in at about 7850$ if this support shows resistance.
The support is getting really weak.
If this breaks it is shorting time.