No fib, elliot wave, wxyz, linear regression or anything needed to see this support and resistance that occurred. Now we have to see if the bulls can rally up to break the upper support levels. Regardless we have swapped old resistance which is now support. So some progress has been made here. The question is how much power and momentum we have left in the bull runs. Never give up on something you believe in entirely. Always look at the big picture and simple picture whether you are short or long!
Is pullback of support dynamic or pullback of double top ... I want bullish haha else short
DigitalData
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@NikolaiiLodenos, It is a bear market, but people get caught up in the 30m chart drama. The upper resistance areas are strong now. Just have to see what the bulls can do, but long as this one line holds as support the bigger moves we can see off the bounces. It is more so WHEN to be bullish and bearish not being one sided.