Just a punt but I am quite suspicious of this $6.8k level. In previous years this has been crazy significant level and I am not surprised (in hindsight admittedly) that we bounced off it well.
I am liking the reaction to this pivot that has formed but reckon we could see a dip to take out stops from our recent $6.8k bounce and then head up towards the downtrend line as one final act of FOMO before we plummet to the $6k region.
Just a punt...will know more by mid next week for sure!
I am liking the reaction to this pivot that has formed but reckon we could see a dip to take out stops from our recent $6.8k bounce and then head up towards the downtrend line as one final act of FOMO before we plummet to the $6k region.
Just a punt...will know more by mid next week for sure!
Legit? Yes, because the volume of the left shoulder is higher than the volume of the head...the more you know!