Hello friends, Traders and Interested,
yesterday I posted my first TA, today the second one. Intention and idea still similar. The lines explain the possible ways.
But I put a pink line into the Chart. This line markes the highest point inside this actual Bull Channel. Maybe this point (around 11.250) was the stop point inside this bullish channel. This could result in an downtrend. If so, I think we will go down around 8800. Then up again. We have to wait what the actual day candle will look like. If we will see a green or bullish candle, we are on the way to 12.000. If not, we have to expect the downtrend to 8.800.
Furthermore, if we reach the 12.000 we will be on a hard resistance. I will write more to this 12.000 line, when reached.
As always, no trading advice, just a personal idea. Do not use it for your trading only.
Thanks for your interest,
Sascha
yesterday I posted my first TA, today the second one. Intention and idea still similar. The lines explain the possible ways.
But I put a pink line into the Chart. This line markes the highest point inside this actual Bull Channel. Maybe this point (around 11.250) was the stop point inside this bullish channel. This could result in an downtrend. If so, I think we will go down around 8800. Then up again. We have to wait what the actual day candle will look like. If we will see a green or bullish candle, we are on the way to 12.000. If not, we have to expect the downtrend to 8.800.
Furthermore, if we reach the 12.000 we will be on a hard resistance. I will write more to this 12.000 line, when reached.
As always, no trading advice, just a personal idea. Do not use it for your trading only.
Thanks for your interest,
Sascha