Hi traders. A view on the bearish Crab XABCD Gartley Pattern which appoints a major reversal trend can help us to define a SUPPLY / DEMAND swing for shorts above 50% Fibonacci Retracement in this initial bear market till 38k DEMAND to long upward by a possible double bottom. The market will define the trend more clearly later.
Comment:
Comment:
On this, the idea of a 'don't-buy-zone' Is in the gray area (50%-38.2% Fibonacci Retracement range). That's a bad momentum in trend amid supply and demand, unless you're looking for scalpping trades.
