Daily chart shows what I believe to be an inverted Head & Shoulders, which if confirmed has 4703 as target
We are in a bullish rally from the past years, and whenever it crosses a support, the panic comes, you know what happens when a trend is broken, it follows a new trend to the opposite direction. What happens when a diagonal trend is broken in the case of a long bullish rally here? Well, you expect a major correction or crash. But is it really the time for it for...
Confluence area is a bit higher, but price reached a polarity zone, where through the years changed from support to resistance enough times to mark her as area of interest. Fresh visit to this area has most of the times the probabilities leaning towards to rejection, before maybe higher, gun the shorts - like mine - and go deeper inside the confluence area. In...