I am not convinced that we go down from here. I know many are calling the $8k again, but I would really be careful with shorting into this. This construct that we see here, looks at the moment more like a temporary retrace to satisfy profits and short scalpers, this does not look like a typical local high. The old A&E max-neckline was accepted as support and we have a new breakout-level, we are just now trying to get back over the R1-W Pivot, also sitting on a developing hidden bullish divergence.
Targets remain. I won´t change anything for now, only if we get harshly rejected anytime soon in higher than an H4 candle formation or if we fail to overcome the R1-W Pivot.
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Warm regards,
Neru
Targets remain. I won´t change anything for now, only if we get harshly rejected anytime soon in higher than an H4 candle formation or if we fail to overcome the R1-W Pivot.
_______________________
Warm regards,
Neru
Comment:
Please watch this guys.