xbt view
wedged bear, usually has breakouts to oposed direction. The breakout stoped at the top of our speculated lower trading range.
~65% chance going to 3800 again and 35% chance going to 4100
In my view it was a very standard correction in a bear trend. the biggest concern here is that some algorithms spect a measured move down to 3543 and that would break the last support... so things could snowball kinda fast...but probably will revert to show a failed breaking attempt
~65% chance going to 3800 again and 35% chance going to 4100
In my view it was a very standard correction in a bear trend. the biggest concern here is that some algorithms spect a measured move down to 3543 and that would break the last support... so things could snowball kinda fast...but probably will revert to show a failed breaking attempt
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