Refer to chart
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Quite big volume candle. Makes it quite likely that the bounce will materialize. But I do not expect 25k++ in this next cycle, rather a continuation of intermediate cycle low which will most likely occur at 4321. Let's see what market gives.
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If you are leveraged, can be wise to just set SL = BE in case market want to mess with your position and go directly to 4321.
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Just raise SL to secure profit. It moves suspiciously slow
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Soon everyone will be bullish again. Just in time to get bearish. People.. Never learn.
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This doesnt look good for bulls to be honest... :)
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Sry, scale locked got messed up.
Now here.. There IS hope for bulls at this Level to avoid further downmovement, but they must act quickly and firmly.
Now here.. There IS hope for bulls at this Level to avoid further downmovement, but they must act quickly and firmly.
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Bulls failed, a failure to hold 6300 will lead to 4321.