G'day,
We are looking at the bears last stand, if we cross above this trendline aNd stay above it will be a VERY BULLISH SIGNAL. in saying that it will be deep with shorts looking to defend a lot of underwater shorts. Play safe, I am looking at a corrective wave after we bounce off of either the 200 ema on the Daily or the trendline itself. I have buys in at around 7100 7050 and 7k
Good Luck.
We are looking at the bears last stand, if we cross above this trendline aNd stay above it will be a VERY BULLISH SIGNAL. in saying that it will be deep with shorts looking to defend a lot of underwater shorts. Play safe, I am looking at a corrective wave after we bounce off of either the 200 ema on the Daily or the trendline itself. I have buys in at around 7100 7050 and 7k
Good Luck.
Comment:
S/R seems to have flipped
Comment:
6ema holding support
