$9.6K is now a proper "guard" level of anything higher
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For an entire decade from the 17th until the 27th of July the bears had failed to properly break through 9.6K and now we show the opposite: the bulls do not seem to have an idea to get to 10K. The price might "beat about the bush" for another day but with time the bearish momentum is getting stronger. H&S requires execution whereas the market is unable to go higher with its stop orders at 7.6K. Let us be patient a little more if it is necessary for us to succeed!
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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.