Good morning folks,
As we've suggested - retracement should be compounded and now we have clear downside AB-CD pattern with 44K target. In general overall situation is simple - it is too early to buy, as we're focused on weekly strong support of 42-43K area, but it is late to sell as market already stands at oversold.
Currently market is taking the breath as it can't go down immediately. Here we see pennant consolidation, that is potentially continuation pattern. 1H chart also has some signs of bearish dynamic pressure. Thus, we suggest no shorts and prepare to buy around 42-44K area
As we've suggested - retracement should be compounded and now we have clear downside AB-CD pattern with 44K target. In general overall situation is simple - it is too early to buy, as we're focused on weekly strong support of 42-43K area, but it is late to sell as market already stands at oversold.
Currently market is taking the breath as it can't go down immediately. Here we see pennant consolidation, that is potentially continuation pattern. 1H chart also has some signs of bearish dynamic pressure. Thus, we suggest no shorts and prepare to buy around 42-44K area
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。