Let's do the point ! // Update #14.3
It was a calm weekend, and more than that it's nearly a calm week after what we've seen last week.
We are just following what I've pointed in the last updates, there wasn't buying volumes, there wasn't buying signals, one reason for that : it's not a bottom and we are in a consolidation movement. Daily timeframe is totally aligned with that for the moment, only setup to invalidate this is the delayed bottom. However, it requires to see a bull retracement and not a range like what we have actually.
In that way, I actually see a pattern on the hourly timeframe that could bring us, if it is confirmed, around $33,800. Which is also the movement that I was expecting in last updates to pullback the broken support, but for the moment we have to gauge the selling pressure around $30,800-$31,500. If it's too strong we will see, probably an acceleration to the spring area bottom.
Like, follow or comment if you like, it give me some strength to continue !
It was a calm weekend, and more than that it's nearly a calm week after what we've seen last week.
We are just following what I've pointed in the last updates, there wasn't buying volumes, there wasn't buying signals, one reason for that : it's not a bottom and we are in a consolidation movement. Daily timeframe is totally aligned with that for the moment, only setup to invalidate this is the delayed bottom. However, it requires to see a bull retracement and not a range like what we have actually.
In that way, I actually see a pattern on the hourly timeframe that could bring us, if it is confirmed, around $33,800. Which is also the movement that I was expecting in last updates to pullback the broken support, but for the moment we have to gauge the selling pressure around $30,800-$31,500. If it's too strong we will see, probably an acceleration to the spring area bottom.
Like, follow or comment if you like, it give me some strength to continue !
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🔽 INITIAL UPDATE 🔽
