As it's not the end of the month I'm turning to Buy. Reason being in the last rally two peaks and higher highs were made. Has yet to hit my initial price targets between c.$9,160- c.$8,900. I could wait for blue MACD to be heading up and other confirmations before publishing but given the big drop earlier in the day things can move really fast. Also waiting for a drop of current magnitudes and bounce back may not be a big deal for some big players. Often if price breaks through my Bollinger bands it heralds a trend but for reasons given above even if it did this time I'm going the other way. Have also improved my charts to better show the price rallies and declines relationship with MACD .
Note
Whether those peaks are bullish or bearish I think there is a good chance of revisiting the close of $10,400 at some point before the end of the month.Note
Just read somebody said those two peaks are a bearish flag which I think means market drops to nearer $8,000. We'll see. I was happy with $9,750 and will wait for a bounce.
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.
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.