Weekly Timeframe
Greed and Fear Index is now at #25. Weekly timeframe remains bearish saucer with the awesome oscillator. We can expect a sell off Friday. As a normal routine of the market.
1D Timeframe
We have touch the 0.618 FIB retracement area and bounce a little. AO is bullish we can expect movement to the upside with our Ichimoku cloud finding support in $40,253.
4H Timeframe
We are currently testing the demand zone of the market structure which in turn would continue our drop to the downside as the smart money will buy back this retest to continue the dump to the downside. all being controlled by a bot or algorithm. Rejection area $40,912. AO seems bearish at the moment as it is already in the correction area.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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1D Timeframe
4H Timeframe
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
