2 failed attempts to push lower. Recent Low came in?
After several days of struggle at the end of September, the bears got an excellent chance to cover at a great price on October 13. 2 more attempts to push the market down but failed. There is not much profit left to initial short. It seems the market has formed a head-and-shoulder bottom.
Next target for bulls is the gap at 3846. Next one is 3923, the start of the September 21 drop. The major resistance is the bearish trend line starting the beginning of the year.
Maybe a trading range ending for this year? Hopefully we can come back to near 4300. Will there be any news to tank the market? Peace~
Next target for bulls is the gap at 3846. Next one is 3923, the start of the September 21 drop. The major resistance is the bearish trend line starting the beginning of the year.
Maybe a trading range ending for this year? Hopefully we can come back to near 4300. Will there be any news to tank the market? Peace~