The chart explains itself really.
Note
Looks like 108xx was the top for now, consolidation or drop? I think drop.Note
Unless… The BIG whales TRAP the BEARS here between 103xx and 107xxThat would then, likely result in a move to 11400 soon before 9k later this month.
if 9300 support is broken, 8300-8700 range would be next.
Note
If I was holding a long postion right now at 10700, I would be looking to exit around 111xxI would Short to 9800 from 11xxx
Then wait for a Long opportunity to present itself after testing the supports later this month.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.