You can see a clear divergence on the volume , right now we are still in the bearflag. MACD on 4h Chart shows a positive cross-over, but I would not fall for that. Most traders do not believe in a bounce from here now. I assume and expect that most of us wait for the next Fib level @ 7250! It will be a hard and very powerful bounce from there. First target should be @8200, it will slightly drop from there, rebuy a bit lower and aim for the next move to 8500.
Interested in Feedback
Interested in Feedback
Trade active:
I placed my buy-order @7590, let's see how accurate it is. I am still playing around with Fib to figure targets on spot out!
Comment:
7290 of course...sorry
Trade active:
Target reached for now, different exchanges have different "lows", I entered. Let's see if we fall a bit lower than this or go straight up
Trade closed: target reached:
Well that was pretty on point
