This and NAS100 have a similar path not the same.
WEEKLY
40000, the highest price it has peaked at. When it peaks it then drops and goes to fetch support from a previously strong support level. NFP is where we will get our volatility.
DAILY
We were in an impulsive phase, because we know that the trend is bullish. Just stuck in the ascending channel. 36000 looks like the assumption price, but we need to remember the assumption price is not a strong clue to add to our evidence file.
4H
I am seeing a bear flag, which should touch 38700 before collapsing, where we can get in with a risk entry or keep waiting till a reduced risk entry. Let's let price develop before we act and do anything.
1H
Just stay watching and waiting.
WEEKLY
40000, the highest price it has peaked at. When it peaks it then drops and goes to fetch support from a previously strong support level. NFP is where we will get our volatility.
DAILY
We were in an impulsive phase, because we know that the trend is bullish. Just stuck in the ascending channel. 36000 looks like the assumption price, but we need to remember the assumption price is not a strong clue to add to our evidence file.
4H
I am seeing a bear flag, which should touch 38700 before collapsing, where we can get in with a risk entry or keep waiting till a reduced risk entry. Let's let price develop before we act and do anything.
1H
Just stay watching and waiting.
Comment:
Looks like the market found some liquidity and has already started the downfall
Comment:
Instead of the test upwards, we completely broke down. And now we see another opportunity to scale in and hold. So we will see how the day goes.