Hi guys, we came back in the cloud but broke the TL which acts now as a resistance (red line).
We cam back as well above the 50 EMA which acts as a support for now.
We have a bear flag in the W chart (pink channel) and the second shoulder which seems to appear on the 4h chart.
My opinion is that we can come back to the 5900 area. If we break the neckline and we break down the bear flag, it will be very bloody.
We cam back as well above the 50 EMA which acts as a support for now.
We have a bear flag in the W chart (pink channel) and the second shoulder which seems to appear on the 4h chart.
My opinion is that we can come back to the 5900 area. If we break the neckline and we break down the bear flag, it will be very bloody.
