Bull Trap Set, 18k on the way.
Prior long scalp has been closed with slight profit.
As we can see the upward move has been rejected by the closed red candle - critical for bulls it pushed upward. Now confident to say the next swing we are heading back to supports and given how all the timeframes are lining up it looks like the next major drop is coming so 20k will not hold.
Look to my 'SHORT PROFIT TAKING' post for immediate price targets on the way downward to 16k
Goodluck
Asset Mastery
As we can see the upward move has been rejected by the closed red candle - critical for bulls it pushed upward. Now confident to say the next swing we are heading back to supports and given how all the timeframes are lining up it looks like the next major drop is coming so 20k will not hold.
Look to my 'SHORT PROFIT TAKING' post for immediate price targets on the way downward to 16k
Goodluck
Asset Mastery
Comment:
We should expect each critical level 19k/18k/17k to be attacked by temporarily supports by MM to liquidate shorts on the way downward so avoid being caught out shorting late around those points!
