Has THE road to HELL Started or BULLS ARE still IN THE HOUSE ?
Important levels are marked in blue horizontal lines
we are so tight ranged right now , bulls are holding the 6050-6200 area strongly and BEARS are holding the 6500-6800 area strongly , volume is getting thin and thin which is not a good sign though , we will have a volume spike within few the days and move can be either side
1. A daily close above the 21ema (orange line) near 6380 will be a good signal for the bulls but that doesn't means bull run will start
2. a daily close above the 6800 level is what really gonna show the conviction from the bulls and that would be a great signal to buy
3. we are just a bit above 6200 support right now ,, we are are creating a series of lower highs in a small triangle (yellow) ,, so yes if the 6200 breaks now , we have to assume that all the conviction from the bulls have been faded away
3. a break below 6050 level if going to fade away all the bullish cases for me
RIGHT NOW we are at a LEVEL where we cant be too much bearish or bullish because the major levels have not been broken yet
"Bulls make money, bears make money, pigs get slaughtered."
we are so tight ranged right now , bulls are holding the 6050-6200 area strongly and BEARS are holding the 6500-6800 area strongly , volume is getting thin and thin which is not a good sign though , we will have a volume spike within few the days and move can be either side
1. A daily close above the 21ema (orange line) near 6380 will be a good signal for the bulls but that doesn't means bull run will start
2. a daily close above the 6800 level is what really gonna show the conviction from the bulls and that would be a great signal to buy
3. we are just a bit above 6200 support right now ,, we are are creating a series of lower highs in a small triangle (yellow) ,, so yes if the 6200 breaks now , we have to assume that all the conviction from the bulls have been faded away
3. a break below 6050 level if going to fade away all the bullish cases for me
RIGHT NOW we are at a LEVEL where we cant be too much bearish or bullish because the major levels have not been broken yet
"Bulls make money, bears make money, pigs get slaughtered."
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