Here is my thesis:
If we could potentially retest the 360 area then I believe a head and shoulder breakout is possible and could be the potential bottom… but again we want confirmation.
If price action can break above 30MA and pullback that will also indicate a reversal and maybe a potential bottom…
If you look closely at 2022 price action, every breakout of 30MA has been rejected in the following weeks… so this will be a fundamental level to watch.
Have a great day fam.
If we could potentially retest the 360 area then I believe a head and shoulder breakout is possible and could be the potential bottom… but again we want confirmation.
If price action can break above 30MA and pullback that will also indicate a reversal and maybe a potential bottom…
If you look closely at 2022 price action, every breakout of 30MA has been rejected in the following weeks… so this will be a fundamental level to watch.
Have a great day fam.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.