Price is now below the point of control of the price range in which it has been trapped.
$39240 is a threshold to be aware of if the price falls lower. This is a Daily Naked control point from the last run-up, which occurred in September of last year.
Also, I noticed this harmonic pattern, however, this pattern will be verified if we locate and maintain support near the previous lows.
I'm starting to notice a lot of pessimistic emotion in the market, which normally signals a turnaround is on the way.
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Thanks and happy trading :)
$39240 is a threshold to be aware of if the price falls lower. This is a Daily Naked control point from the last run-up, which occurred in September of last year.
Also, I noticed this harmonic pattern, however, this pattern will be verified if we locate and maintain support near the previous lows.
I'm starting to notice a lot of pessimistic emotion in the market, which normally signals a turnaround is on the way.
<———————————————>
Follow us on our socials for more!
Thanks and happy trading :)