The Bears have had the strength in price since 06/24/2019 ----- The most recent big bearish move was 09/23/2019 - since then the bulls have not made higher highs at all. The bears continue to trade below the psych price of 10000. Candlestick formation shows signs of a spinning top reversal signal pattern. All technical analysis, no fundamental analysis.
TP 7300 for a swing trade ---- TP lower around 6000 for position trade
TP 7300 for a swing trade ---- TP lower around 6000 for position trade
Note
SL at 38.2 FIB
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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.