I was noticing this fractal start to take place with the sharp volume and candles followed by smaller fib movement. When scaling the last 2 weeks movement into the next 2 weeks projection it appears very plausible. If you take anything out of this it points to taking a short in the $6400 range. As for if it will actually break 6k this time, only time will tell if the emotional support will last and bring down to 5.9k range.
Note
Ive located a butterfly harmonic forming with a completion at $6290 to $6240 range. Supports fractal continuation and touch to .786 fib around the 4th
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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.