was a good surprise to break the resistence.
this could create a trend change.
last time we got a goof increase after it
200MA and to long support. that took a lot of strength to break before.
we still supporting by curve support, and fighting a long resistance. let's hope the curve support doesn't break.
we been supporting since the 16 MAR
we should correct, the question is if we bounce back and greatest the resitence.
100MA 200MA and to long resistences that where support before.
200MA , 100MA and long resitence will revert the price. or we can not pass this resistence and break the curve support and go down
i think the 200mA and the long support resitence is the cause
I been using in my analisis this strong support residence channel , don't see , to much people commenting about it, for me is been important to do good trades. If we break it we will drop strongly
lots of confluence in this area, and supported by the falling wedge that started the previous bull run.
after mention in the previous idea 9200 was a strong resitence , i didnt expect this strong drop/
on my previous idea i call the top on 250 and i didn't expect that big of a drop since then we are speaking about a 50% drop if we dont hold the previous low , this structure will break and i feel we could get to the 80-50 this was the lowest target i could think off.