Hello guys
As you can see we have a double bottom at the 4h chart, this is big. We need to see a clear confirmation about this pattern and we could break the big triangle and go up to above 3k USD. BUT before this happens we need to break the resistance at the S2 pivot, this is crucial. if we dont break this we can be in for a downtrend back to 2300. We have entered the cloud at the 12h chart and that is not good. we have a strong support at the S3 pivot ( where the double bottom just happende at 4h/12h chart, but if we go down 1 more time we will not go up. To sum it up for up for you, i would take BUY trade at 2600 ( if you want to be very safe go for 2680) and sell at 2450.
I will try and answer any questions if you so have.
-Tedy ( #nobodycares)
As you can see we have a double bottom at the 4h chart, this is big. We need to see a clear confirmation about this pattern and we could break the big triangle and go up to above 3k USD. BUT before this happens we need to break the resistance at the S2 pivot, this is crucial. if we dont break this we can be in for a downtrend back to 2300. We have entered the cloud at the 12h chart and that is not good. we have a strong support at the S3 pivot ( where the double bottom just happende at 4h/12h chart, but if we go down 1 more time we will not go up. To sum it up for up for you, i would take BUY trade at 2600 ( if you want to be very safe go for 2680) and sell at 2450.
I will try and answer any questions if you so have.
-Tedy ( #nobodycares)