Bear "trap" under the level
Market had been in bear cycle one month
Price went down and made stop under 4140 level => for me its a bullish strong signal!
Why? Psychology first! Most of traders remains in short positions or jump in at friday, because we were under 4140 level.
What's can happen? Short positions closure!
Target 4400
I see a bullish week and next one as well.
USE SL, not financial advise.
Price went down and made stop under 4140 level => for me its a bullish strong signal!
Why? Psychology first! Most of traders remains in short positions or jump in at friday, because we were under 4140 level.
What's can happen? Short positions closure!
Target 4400
I see a bullish week and next one as well.
USE SL, not financial advise.
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