The current market structure shows a bearish retest and a consolidation on what used to be a key demand level.
I believe we will experience a pullback to the previous range high (104-107) followed by a consolidation on the lower range and a subsequent break in market structure (92-97).
Until clearly delineated by price action I will remain bearish.
Have fun &...
the following is an update on my previous fractal study.
The adjustments on the Historical Bear Run of 2013/2014 are mainly: volatility & length.
At the moment, accumulation is the main attraction.
Theoretically, August should bring us a fanatical bull flag and mid-September should be the real spring of the accumulation phase, ending the bear...
As we continue to analyze the previous bear run of 2013/2014 on today's market we can only marvel on its beauty and the quantity of similarities that are flourishing.
My Trading Ranges are: Max (11,4-11,9), Min (9,6-10,2).
Due to strong bullish signals from my favorite indicators (specially today's Ichimoku (10,30,60,30) TK_Cross) I'm still...
This graph reproduces the old bear run of 2013/2014 on today's market.
My sentiment is not as bearish as this graph would show but I do find it interesting that most of the previous bear run patterns are being repeated.
Something to keep an eye on.
Thank you Bitcoin_Schmitcoin for pointing this out.
Have fun out there,