Based on weekly chart, the bear candle strongly break the strong support zone 23402, expected the price to go lower and hit 20904 zone.
Look for the short when the price retrace back to the support turn resistance zone = 23402 area.
LucyF2492
⋅
@FlyzoneTrader, I agree with that, bear markets are never over quickly. Got in short at the top and just hanging on until a weekly trend change occurs. Will definitely be a while!
DaddySawbucks
⋅
Tyvm for post; would follow 1987, 2008 patterns- double bottom, big rally, then crash.
LucyF2492
⋅
@DaddySawbucks, EXACTLY! The trend is their friend until the end where it bends. :)
DaddySawbucks
⋅
@LucyF2492, LOL indeed it is. Hasn't got to the bend yet IMO, getting another sucker rally this morning, expect will sell in afternoon. My tar close to yours, expecting the 0.38 Fibo near 21K. A monster rally should ensue- leading to a monster panic. GLTA!
LucyF2492
⋅
@DaddySawbucks, Been short since the top! And will continue to be! You are correct, the real bend has not occurred yet. GLTA too!
Look for the short when the price retrace back to the support turn resistance zone = 23402 area.