LOVE the FED man, these guys back in the 1900s knew what they were setting up, simply genius truly a 9th wonder of the world - THE FED!
okie, testing support again, BUlls and bears targets are identified.
BULL: 370, cause 340 won't do. BEAR: 290, 280. maybe a double bottom on 300 and after that a lift off to the moon
Bulls need a breakout badly.
Bears don't care, 320+ positions will hold for awhile this madness of 2020 is just getting started.
___REVIEW____ TIMING IS HARD, but at least you can see, that caution and portfolio reduction is more advisable action. Once we had an early June Breakouts, it was obvious that bulls will rain supreme and they did.
The bears though, began looking for expansion entry, due to price value expansion aka overbought condition. We had 2 fractals, indication macro view and micro. Once breakout occurs, we got option, fake out, or trend formation.
Since no trend formed, after a gap down, something is wrong. NOT a trend, either RANGE or short term downtrend. __REVIEW_END
**LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place!
The Creature from Jekyll Island
buy and READ !