Very easy to understand. We had a correction that will be lower than the others. It lacks one leg down and then up again to mid 9'ties. Look at the Long/shorts ratio (in the top) and you will see longs are to high and need some squeeze to be healthy again.
Note
First target was hit. IF it does not hold or reverse, we go for the next target.
Note
Corrected the bounce target to a less aggressive target
Trade closed manually
Top reached. Trade closed at 8,6k after two pump rejections. They are clearly seen with 5 min chart.
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.