Bear Trap Nearly Complete?
Just had a very nice reaction to the 4H 21 EMA in the tone of a $250+ bounce in mere minutes.
With that said, based of current and previous recent price action I believe we might see a move up back towards yesterday's previous high's which are confluent with the 200SMA and the .382 Fibonacci Retracement level.
If we can indeed break the .382/200SMA on the h4 and continue to close above higher timeframe moving averages, my next target would be the .5 Fib Retracement Level of ~$11,500.
Thanks for looking!
With that said, based of current and previous recent price action I believe we might see a move up back towards yesterday's previous high's which are confluent with the 200SMA and the .382 Fibonacci Retracement level.
If we can indeed break the .382/200SMA on the h4 and continue to close above higher timeframe moving averages, my next target would be the .5 Fib Retracement Level of ~$11,500.
Thanks for looking!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.