After our take profit at 65,000, We have seen the market head downwards.
We are still on a bearish trend on the lower time frames and the price only went back up to 57500 to test the resistance of the bearish trendline.
I'm expecting the price to get down to 52,500/50,000 to give us a LL and get us back up to bullish.
(Ooops Made a mistake on the chart pattern name, its actually a bearish ascending triangle and not descending )
Hopefully, once the price gets to that zone, we will get on a bullish move.
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Comment:
Price got to 52,500. Expecting price to bounce up.
Comment:
If the market doesnt break and close 55,000 then 50,000 is still exposed after possible retracement to about 54650/55,000
