Hello dear friends;
I hope that the previous idea was useful for you.
The decline happened as we predicted and the price touched the floor of the trading range,
So, what should we do now?
The answer is one word: Patience!
We have completed the first bearish spike, but the gap between moving 20 and the price is too much, especially in higher time frames(W, M).
Please pay attention to the blue trend line that I have drawn on the right side of the chart.
I predict that this line can hold the price for some time until Moving 20 finds conditions closer to the price.
After that, if a break is confirmed, the price will fall as much as the first leg of the downward spike.
Generally, I think that we will see another spike as soon as possible!
(02/09/2022) Today's news is important.
Thank you very much for your attention.
I hope that the previous idea was useful for you.
The decline happened as we predicted and the price touched the floor of the trading range,
So, what should we do now?
The answer is one word: Patience!
We have completed the first bearish spike, but the gap between moving 20 and the price is too much, especially in higher time frames(W, M).
Please pay attention to the blue trend line that I have drawn on the right side of the chart.
I predict that this line can hold the price for some time until Moving 20 finds conditions closer to the price.
After that, if a break is confirmed, the price will fall as much as the first leg of the downward spike.
Generally, I think that we will see another spike as soon as possible!
(02/09/2022) Today's news is important.
Thank you very much for your attention.