This is a classical head and shoulders.
Volume is very low right now and the panic is going to settle in.
I expect bounces at 14200, 9900, and 8300.
This is going to get turbulent. Be careful out there. New money isn't coming in because they're scared and the braver ones that havnt sold will panic sell. Institutional money is going to capitalize on that so I'm expecting huge bull traps on the way down.
Volume is very low right now and the panic is going to settle in.
I expect bounces at 14200, 9900, and 8300.
This is going to get turbulent. Be careful out there. New money isn't coming in because they're scared and the braver ones that havnt sold will panic sell. Institutional money is going to capitalize on that so I'm expecting huge bull traps on the way down.
Trade active
Short: 16150 entry
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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.