The $62,200-$62,400 level seems to be weakening but has held up during the weekend. I know it’s a $200 range but that’s where the candle leave behind a wick and zoom out of there. This is either a fake out from the whales or we will see new highs sooner than later. For now the sidelines seem safe until the level on top gets penetrated or the current level fails in which case it will fall to the $61,000 level. My analysis is highlighted on this chart.
Have a great week trading everyone!
Have a great week trading everyone!