False break, retrace and watch this space!

Happy Friday! The market has chosen the 2nd scenario of ours from yesterday. In order to confirm its weakness it is surely not necessary for the price to step into the rising wedge trap zone. Moreover the consolidation upper border false breakout had already been made by the time the market decided not to go to $13K. With the price re-entering the "flag' zone the large bears are likely to resume their attack and onwards even accelerating down the hill at times. Different groups of people are locked at various areas above $11.5K. The goal is to squeeze their wallets! So we've got a false break followed by a nice retrace, let's watch the space below for good profits! A marvellous week-end to you all!

Kerstin Ohlsson
Xena Exchange Swinger