Big chance
There is a big chance that we will see the next big move down!
This week we closed below the 0.5fib and the market sold off hard! For the 4th week in a row we see big sell offs.
There is also a big chance that we will go for the 5th week in a row!
If we close below the 0.618 and below the 100MA we could see a big move down again!
Also when we close below the 50MA weekly even more sell pressure will come!
Also if this happens the mighty golden cross on the weekly could get rejected as we will be trading below them and the 50MA could curl down before cross!
Bulls really on the edge of extinction!
In no position now, will wait for the weekly close and based on that I’ll open a position
I’ll long when weekly closes above 100MA and the 0.618
I’ll short when closing below 0.618!
Targets next fib lvl in both directions!
Goodluck trading all this sell of might not be over!
This week we closed below the 0.5fib and the market sold off hard! For the 4th week in a row we see big sell offs.
There is also a big chance that we will go for the 5th week in a row!
If we close below the 0.618 and below the 100MA we could see a big move down again!
Also when we close below the 50MA weekly even more sell pressure will come!
Also if this happens the mighty golden cross on the weekly could get rejected as we will be trading below them and the 50MA could curl down before cross!
Bulls really on the edge of extinction!
In no position now, will wait for the weekly close and based on that I’ll open a position
I’ll long when weekly closes above 100MA and the 0.618
I’ll short when closing below 0.618!
Targets next fib lvl in both directions!
Goodluck trading all this sell of might not be over!
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