☀️ Hey, hope everything is well as usual just coming with a quick TA this morning as usual for you guys and a follow up from last night's idea, thanks for tuning in as always and if you'd like to leave a like or follow it'd be much appreciated as always, thanks!
☀️ In last night's idea we noted how bulls managed to avoid bears which tried to supress things by sending us below our 0.455 level of support before bulls pulled us back up in a good show of support. Since then we can see how we gradually have climbed back up to this resistance point of 0.47 which we'd noted in yesterday's earlier idea.
☀️ Right now to watch for would be whether or not we start some sideways trading within this channel or if we'll simply fall down and meet up with our 200 EMA friend again down below. As always some retracement is healthy and none is bad. Why is none bad? Because it leads way and increases the odds of a mountain fall risking a slide/dive.
☀️ I wouldn't be surprised to see us fall back down to 0.455 in the least to do some more testing to determine if we can establish support again or if we'll fall. Market's definitely going at it and gonna be volatile the next few days especially as debt ceiling talks have paused thanks to Republicans so we'll have to see what happens there. No doubt it'll have an impact on investors and the market.
☀️ Watch those horizontal lines as always, I know they are just lines but they really do what they can for you guys! I want to keep this idea short for now but thank you for tuning in as always, if you'd like to leave a like or follow it'd be much appreciated as always, thank you!
~ Rock '
☀️ In last night's idea we noted how bulls managed to avoid bears which tried to supress things by sending us below our 0.455 level of support before bulls pulled us back up in a good show of support. Since then we can see how we gradually have climbed back up to this resistance point of 0.47 which we'd noted in yesterday's earlier idea.
☀️ Right now to watch for would be whether or not we start some sideways trading within this channel or if we'll simply fall down and meet up with our 200 EMA friend again down below. As always some retracement is healthy and none is bad. Why is none bad? Because it leads way and increases the odds of a mountain fall risking a slide/dive.
☀️ I wouldn't be surprised to see us fall back down to 0.455 in the least to do some more testing to determine if we can establish support again or if we'll fall. Market's definitely going at it and gonna be volatile the next few days especially as debt ceiling talks have paused thanks to Republicans so we'll have to see what happens there. No doubt it'll have an impact on investors and the market.
☀️ Watch those horizontal lines as always, I know they are just lines but they really do what they can for you guys! I want to keep this idea short for now but thank you for tuning in as always, if you'd like to leave a like or follow it'd be much appreciated as always, thank you!
~ Rock '
