Scalping Tuesdays - Bullish thoughts on the short and mid term
Our bearish scenario from our last weekly review has played out as I predicted, with a retrace slightly below 39.6k and then a move to around 36k.
Until now, the trend hasn't set any higher highs, so I'm still not convinced of the uptrend continuation. I would trade the retest of the previous high (which coincides with the VAH since we lost the 40k level).
If we go below 36k, I will come with a post to show some bearish targets, but I'm still bullish on the mid-term so I think that's not likely to happen.
Until now, the trend hasn't set any higher highs, so I'm still not convinced of the uptrend continuation. I would trade the retest of the previous high (which coincides with the VAH since we lost the 40k level).
If we go below 36k, I will come with a post to show some bearish targets, but I'm still bullish on the mid-term so I think that's not likely to happen.
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.