Bounce from 38k-39k highly likely
A lot of confluence between:
a) trend lines
b) Fib levels
c) market structure
If this doesn't hold, next reasonable level is 33-34k for a bounce. But to be honest, if we get to that level - its such a significant break of market structure that any bounce is for selling.
Below 33k, game over folks (for at least 18 months).
a) trend lines
b) Fib levels
c) market structure
If this doesn't hold, next reasonable level is 33-34k for a bounce. But to be honest, if we get to that level - its such a significant break of market structure that any bounce is for selling.
Below 33k, game over folks (for at least 18 months).
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