We are experiencing a stage that is called "Pause". Not only is this typical for an Eve-Low it can also mark a stage, before bigger movements, and this here can certainly go on for another couple of days. No reason to take any risk at the moment, although some might to start picking up on longs now, we need to keep a close eye on the development of the volume. Breaking down the $9k I would not even think anymore that $8k is THE target, even wondering if that what some of my colleagues call capitulation wick is really needed to turn the game.
New monthly Pivots coming up, could bring some volatility. Remember we have seen stages like this going BOTH ways.
_________________________________
Warm regards,
Neru
New monthly Pivots coming up, could bring some volatility. Remember we have seen stages like this going BOTH ways.
_________________________________
Warm regards,
Neru
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.