Some more sideway momentums
Bulls and bears are fighting to break that $6400 Major Support
Watch for:
- Flag is forming (can go either way based on volume ,momentum, etc)
- Symmetrical triangle forming (can go either way based on volume ,momentum, etc)
- All oscillator indicators are indicating bearish momentum
- Candles are way below the BB
Overall action:
- I cant see $6400 support holding
- We are closer to the .786 Fib than the .618 Fib
- If we can't hold $6400, I see $5900 as the next $
Bulls and bears are fighting to break that $6400 Major Support
Watch for:
- Flag is forming (can go either way based on volume ,momentum, etc)
- Symmetrical triangle forming (can go either way based on volume ,momentum, etc)
- All oscillator indicators are indicating bearish momentum
- Candles are way below the BB
Overall action:
- I cant see $6400 support holding
- We are closer to the .786 Fib than the .618 Fib
- If we can't hold $6400, I see $5900 as the next $
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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.
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.