Basic trend, support and resistance lines evidently confirms the strong 61.8 fib level at $7500. I see another bounce on the legendary $5800 support level before the Bulls return for good by breaking the 38.8 fib level. keeping my SL very tight.
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Didnt even reached 61.8. My very tight SL saved me and got out at 7320 !! didnt had time to shot tho ....it crushed down very fast .
I agree with this. Even if we break 7500, in order for a true trend reversal we would need to break 8k with volume. No chance with current sentiment plus ETF rejections.