Overall Still bearish but I have spotted a 3 drives on the lower time frame the max extension of this is around $7700~ before it's invalidated however given the price action I see this could be the bounce happening already low risk trade gl.
Comment:
Small loss no volume follow through unfortunately if this breaks 7700~ it invalidates this type of bounce and we could quite possibly see 6k levels tested gl.
Comment:
So the pattern played out almost perfectly as I said $7700~ was our invalidation level and we got bought up pretty close to that...however we got stopped out so what did we learn? well wait for actual support to be tested and see if there is demand near it? look at the volume follow through for confirmation quite simple really this would of been a buy around $7890~ and we would of hit our target, patience wins overall patterns take time to form and play out...16hours diff would of made me $ here or using a bigger stop either way wd to those who caught the move without being stopped out.
Comment:
you can see the follow through off this basically quite nice
