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An exciting thought for the already yawning investors
Hello Dear Swing Traders!
The bullish impetus from the counter trend at the end of last week might have caused the moods hesitation. With a proper retracement we nearly had a continuation on Monday...but for the trap arisen all of a sudden above 19600. And the picture has so far been rewritten completely. The horizontal channel does not 100% need a break of its upper border, whereas once the price dives underneath that small counter trend line in a 4-hour timeframe, the market is likely to face the down break of 18K as well as the entire big bull trap formation finalizing. Thus, the vacant road to 1-2K will be on your palm.
Yours,
ICBF Swinger Dagmar
The bullish impetus from the counter trend at the end of last week might have caused the moods hesitation. With a proper retracement we nearly had a continuation on Monday...but for the trap arisen all of a sudden above 19600. And the picture has so far been rewritten completely. The horizontal channel does not 100% need a break of its upper border, whereas once the price dives underneath that small counter trend line in a 4-hour timeframe, the market is likely to face the down break of 18K as well as the entire big bull trap formation finalizing. Thus, the vacant road to 1-2K will be on your palm.
Yours,
ICBF Swinger Dagmar
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