On the 1D my indicators tell me there will be a natural swing back up to the top half of the price channel we've been in since early Jan. Strength on this time scale will dominate the action on the shorter time scales. I think it's most likely to oscillate slowly up over the next 3-4 days. I have a hunch that we won't hit the top of the price channel.
I don't see this price action as unusual or a crash. We've been in a shallow down trending price channel and these prices are still moving in that channel. Prices in the low 600's in the coming week should not be a surprise to anyone who looks at the charts beyond the 15M range.
I don't see this price action as unusual or a crash. We've been in a shallow down trending price channel and these prices are still moving in that channel. Prices in the low 600's in the coming week should not be a surprise to anyone who looks at the charts beyond the 15M range.