Interesting Monday ahead
All set for a very interesting Monday's opening.
Channel support held on for whole week while the sellers kept up the pressure and are now just above the accumulation zone. Gap up will trap the sellers and may not fill in near term with price quickly marching towards 25k. Gap down will open the door towards first the gap at 21882 and then towards march low at 20968.
If Monday opens near the current prices then watch out for trap(First move usually being a trap)
Volume was high whenever price came back in the accumulation zone which is often the case prior to a significant move.
Short term = Neutral,
Medium Term = Bullish,
Long Term = Bearish.
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