Two different fractals are now pointing down - and both of them agree on a consolidation period after the first fall.
We need to sweep liquidity below this years low before we can move anywhere up.
Targets remain subejctive and dependent of the market - One of the fractals shows a target of lower Daily FVG (9-10k), the other 14k - clear support.
My Bear market bottom is $8k, so I don't think we're headed that low yet. Because of FED most likely pivoting (as it is happening now in other countries aswell) - we should bounce before cleaning those real lows.
Cheers!
We need to sweep liquidity below this years low before we can move anywhere up.
Targets remain subejctive and dependent of the market - One of the fractals shows a target of lower Daily FVG (9-10k), the other 14k - clear support.
My Bear market bottom is $8k, so I don't think we're headed that low yet. Because of FED most likely pivoting (as it is happening now in other countries aswell) - we should bounce before cleaning those real lows.
Cheers!
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