If not, we must be getting close....
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A 30 Minute view of the bounce off the Z Wave.
Comment:
I think when the price retraces down, but does not break the Z wave low, that area would be a good setup for additional longs. The stop out of course would be below $6500 IMO.
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Once we start closing daily candles above the last X, above $10.5 or so, we can safely say we have made the turn. I'm already calling the turn because I don't believe prices will ever break below $6500 again. EVER Will prices retrace? Sure, any time now, but as far as going lower than Z ? Nope, I can't see it.
Time to pack it in bears. You are now officially trading AGAINST the prevailing trend. Which, in my opinion, is suicide. But, you do what you want. It's your money.
Good luck everybody!
Time to pack it in bears. You are now officially trading AGAINST the prevailing trend. Which, in my opinion, is suicide. But, you do what you want. It's your money.
Good luck everybody!
Trade closed: target reached