Hello Friends, Traders and Interested,
Today you can see,my past TA (yesterday) was correct, after the false breakout of the ascending wedge we saw the fall and than the outbreak under the bottomline. The last 2 hours we saw a quick and powerful small Bullrun. And now, again be careful. I do not think that this is the start towards 10 k. More I see, that this Bullrun is just the retest of the bottom wedgeline (red line) . Price exactly stopped at this line. Now we have to see, if the Bulls can push the price again inside the wedge ( that means over the red line). If not - and I do not believe they will do - I do more expect now a sharp fall down. If we really have to go down to the pink level ( 6-5 k) , I dont know. But be prepared.
Here the TA from yesterday:
Okay, thanks for your interest. As always, no trading advice, just educational.
Trade safe and trade on your own risk.
Yours Sascha
A Like and a Follow makes me happy
Today you can see,my past TA (yesterday) was correct, after the false breakout of the ascending wedge we saw the fall and than the outbreak under the bottomline. The last 2 hours we saw a quick and powerful small Bullrun. And now, again be careful. I do not think that this is the start towards 10 k. More I see, that this Bullrun is just the retest of the bottom wedgeline (red line) . Price exactly stopped at this line. Now we have to see, if the Bulls can push the price again inside the wedge ( that means over the red line). If not - and I do not believe they will do - I do more expect now a sharp fall down. If we really have to go down to the pink level ( 6-5 k) , I dont know. But be prepared.
Here the TA from yesterday:
Okay, thanks for your interest. As always, no trading advice, just educational.
Trade safe and trade on your own risk.
Yours Sascha
A Like and a Follow makes me happy
here aditionally a bigger picture.
As you can see, the 2 Indicators ( MACD) show we are near a cross, which would sign the reversal from the 3 weeks uptrend. And we had an bearish engulfing candle yesterday, followed today by a smaller green. No good signs for the Bulls.
Here the chart: