We can see that since the low of ~5800 we have had a very slight uptrend, which was also apparant in the 2013 charts after a bottom was found.
Observing the slow upward accumulation. We will see if it holds and be prepared with shorts/longs. Again, this is not a trade, it is just trend analysis.
Please view related idea.
Like and follow if you find this informative.
Observing the slow upward accumulation. We will see if it holds and be prepared with shorts/longs. Again, this is not a trade, it is just trend analysis.
Please view related idea.
Like and follow if you find this informative.
הערה:
It looks like the upward accumulation is holding nicely and following a similar trajectory we saw in the 2015 trend reversal. For this reason I am still bullish long term. But there are some good swing trades in this range! 6400 was a good long entry, and I have a few riding up, expecting rejection at 6800. 6800 could be a good place for a short position, assuming we get rejecte there. This pump and dump range should continue for some time if history repeats itself.
הערה:
The accumulation range is now invalidated. I am now short from 5730.
הערה:
Looks like we got the timing on the reversal right. Took a fun ride down to 3100 for profit after shorting from 5730. I started longing again back into the 4's
