The retracements in this move are very shallow which is indicating that the market is not willing to give dip buyers of 30% a chance.
Each time we are dropping +- 10% and the dips get bought up violently.
The next big resistance is a point of control on the volume by price indicator and it is the weekly close from the previous move at 11.5k
Expect the mid swing to continue upwards, with shallow retracements here and there.
Stay safe and take profits.
Each time we are dropping +- 10% and the dips get bought up violently.
The next big resistance is a point of control on the volume by price indicator and it is the weekly close from the previous move at 11.5k
Expect the mid swing to continue upwards, with shallow retracements here and there.
Stay safe and take profits.