D1 : For the second consecutive session, D1 closing has been below the Mid Bollinger Band.
Indeed, yesterday's price action, despite a new upside of MBB attempt, finally triggered
a "doji" pattern = uncertainty and indecision.
Watch ongoing price action and keep an eye on the 50% Fibonacci retracement @ 52401
as the next important support level.
Important to note the "fragility" of the 54000-50000 trading zone and we may see a "mirror
effect" of the price action seen on 8th and 9th March.
As already mentioned the psychological level of 50000 coincides roughly with the 61.8% Fibonacci
retracement @ 50187 of the 43021-61781 rally.
Last but not least the D1 clouds support zone is also around 50000...
Watch also carefully price action on shorter time frames, H4,H1 and M15
Have a nice trading day
All the best and take care
Ironman8848
Indeed, yesterday's price action, despite a new upside of MBB attempt, finally triggered
a "doji" pattern = uncertainty and indecision.
Watch ongoing price action and keep an eye on the 50% Fibonacci retracement @ 52401
as the next important support level.
Important to note the "fragility" of the 54000-50000 trading zone and we may see a "mirror
effect" of the price action seen on 8th and 9th March.
As already mentioned the psychological level of 50000 coincides roughly with the 61.8% Fibonacci
retracement @ 50187 of the 43021-61781 rally.
Last but not least the D1 clouds support zone is also around 50000...
Watch also carefully price action on shorter time frames, H4,H1 and M15
Have a nice trading day
All the best and take care
Ironman8848
