Im on the fence yall. We have had a great run and I think we could be due for a retrace. One piece of good news for you longs is the H&S has been invalidated. Before we bust out the champagne we should note that 6k is strong resistance. I think it will take a minimum of 3 tests before we do finally break that resistance. Even if we do break it soon look at the weekly chart (use the cloud) The cloud above the price will scare any bull back into the pen. Im not giving financial advice. Im just giving my thoughts on the current state of the market. BUY WITH CAUTION!
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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.