Rejected off resistance at $10400, will be interesting to see where this candle closes..
I assume we will be back in the 99xx range in a few bars if we dont close above the resistance
$9800 area looks like a good target if closes below $10400
rsi also above 80
Weekly chart looks terrible for the bulls. I've seen this chart to many times. First push back after a crash. Gets rejected back to the floor and accumulated for an extended period of time.
December 2020 will be the new bull market.
I don't see any scenario this goes above that pink line until ATLEAST December 2020.
Could be pushed off longer by those wicks in...
Pitchfork. If the futures do not gap the resistance Tuesday morning I will be shorting near market open.
My other charts I posted recently don't agree with this one.
My assumption is it will be gapped over resistance.
Unless it is going to sell off with market this week.
Which the way the global economy looks I doubt.
But every time every indicator says...