Yesterday I predicted that we would range from $9,600 to $10,000 over the weekend. Now it looks like we are headed for a $8,400 retest. Since the price already tested that area as support twice I am not confident we will get another bounce. If price breaks down below $8,300 then $7,850 would be the next area of support. The bearish signs are really starting to add up. I will remain on the sidelines and wait for further confirmation.
Happy trading and remember that following is free!
Happy trading and remember that following is free!
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/