Using the monthly chart, I am looking at another bearish month of consolidation. I expect a wick up to February's open in orange and a wick down to January's Low. I then expect a close around 2025's Open at 42,929.
I then expect May to be a monstrous month taking out all of this consolidation and continuing the bullish trend.
I am looking for price to slow down into the 2025 yearly open.
If you look at the monthly candles, February did not take out the high of January. Nor do I expect March to take out the high of February. I DO expect March to take out the Lows of February and January.
I am expecting price to go up first, create the wick but not take out February's high, sell down to take out January's low and rally back up to close at 43,000. A bearish Doji
I then expect May to be a monstrous month taking out all of this consolidation and continuing the bullish trend.
I am looking for price to slow down into the 2025 yearly open.
If you look at the monthly candles, February did not take out the high of January. Nor do I expect March to take out the high of February. I DO expect March to take out the Lows of February and January.
I am expecting price to go up first, create the wick but not take out February's high, sell down to take out January's low and rally back up to close at 43,000. A bearish Doji
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.
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.