If we find support at one of the retracement levels, coloured green, above $14.4 in the first few days of December or middle of December, expect continuation of the bull market. If it turns without finding the appropriate support, consider it the B wave of a corrective formation.
Otherwise, breeching of $14.4 means we free fall to lower levels.
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Small retracement, will consider it a successful uptrend if it closes above $29
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$19.1 seems like the most probably. If it doesn't hold, consider $14.4
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Looks like we've topped at around 26.5$ so expecting us to go down now
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Looks like we've topped at around 26.5$ so expecting us to go down now
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Beware the bulltrap. Price and time have not balanced.
Expect a dump either today or tomorrow taking us below the previous low of 15.0 to around $14.4-$14.6.
Once those levels hit in that time frame, expect resumption of bull market. If 14.4 breeches, along with 13.3, be very concerned.
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