-Westy-
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since Feb 10, 2018
candlestick
cupandhandle
fractal
fundamental
inversecupandhandle
parallelchannel
supportandresistance
trendanalysis
trendline
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ema
simplemovingaverage
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A simple summary of previous CME contract expiries and the following bear movements.
2
We have a smooth round top formation with cup rims clearly bouncing off heavily built $6,000 bid walls. An RSI correction to the upside is forming a handle, possibly leading to our third and final bear push into 5 to 6k zone.
3
Price retracement based on the same 25% drop observed March 21st. I expect prices to fall in a similar pattern over 10-14 days bottoming out around $6,600 early May.
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