We are sitting below demand that could turn into a selling (supply) zone.
I'd like us to get over, retest 60K, and move higher into price discovery.
My bias is that this was another (3rd) accumulation range...which means we go higher.
If we go down to 53k, Market structure would not look as bullish, which I'd start thinking that the cycles are lengthening.
Time will tell,
Cheers
I'd like us to get over, retest 60K, and move higher into price discovery.
My bias is that this was another (3rd) accumulation range...which means we go higher.
If we go down to 53k, Market structure would not look as bullish, which I'd start thinking that the cycles are lengthening.
Time will tell,
Cheers
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Disclaimer
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.