from 10k we will go to 10800
(price will fakeout a break of the down trend so may even go to 11k)
Then dump to 9000
then retest the downtrend around 9800
(again may go up to 10k)
then back to 9.5 ish
(may double bottom or not go down far at all)
(price will fakeout a break of the down trend so may even go to 11k)
Then dump to 9000
then retest the downtrend around 9800
(again may go up to 10k)
then back to 9.5 ish
(may double bottom or not go down far at all)
Note
went slightly below 10k but still good entryNow at 10.8
Looks like we will go above trend line and fake out
looking for trend on 5-15min or bearish div to send it back down
Note
broke a small uptrend on 15 min but its too steep to be validAn alternate possibility is double top around 10900
but 11100 fakeout is still possible
so enter short between 10900-11100
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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.