The 4 hour is bullish as we speak, but we should monitor the key level at 9.
Upper trend line will be target price of 1st bearish wave, lower trend line will be target price of deeper bearish pressure.
If 9 breaks then major move upwards.
Would look for a short entry around all time high price with extremely tight stop losses.
Upper trend line will be target price of 1st bearish wave, lower trend line will be target price of deeper bearish pressure.
If 9 breaks then major move upwards.
Would look for a short entry around all time high price with extremely tight stop losses.
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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.