It was then!
Updated
Although I was able to identify the time of the first drop, I thought the resistance of 3600s will be easier and we will be able to see 3400s in relatively short time. We may see one small bounce to 3680s after this decreasing movement (now 3605!) from probably 3590s. Then a journey to 3400s will begin.
I should admit that the width of the first pattern that I identified yesterday was decreasing so I was under impression that the market was already expecting the change with open heart and everyone has already taken its places. The longing resistance of 3600s also supports that. I will share my thought accordingly after seeing the resistance of 3400s.
Stay safe!
I should admit that the width of the first pattern that I identified yesterday was decreasing so I was under impression that the market was already expecting the change with open heart and everyone has already taken its places. The longing resistance of 3600s also supports that. I will share my thought accordingly after seeing the resistance of 3400s.
Stay safe!
Note
3590 did not show the resistance I was expecting. I blame the Europeans who are on lunch! Below 3550 will be a signal for me.Note
Saved itself from low 3500s to 3600s again by finding a support between 3575 and 3600. Seems gonna stay for a while but I doubt that 3680 wouldl be realistic. Let's see if it can hit to 3650.
Related publications
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.