As the price action develops and 27400 holds as support, it's likely we'll retest the ATH.
In the previous period of consolidation around 24k, we saw the ATH tested once with a small short and then again with an even bigger short, before trend continuation upwards.
We could see the same thing develop here - would be great to long the Weekly Open again but making sure to have a stop loss in place in case of a break to the downside.
In the previous period of consolidation around 24k, we saw the ATH tested once with a small short and then again with an even bigger short, before trend continuation upwards.
We could see the same thing develop here - would be great to long the Weekly Open again but making sure to have a stop loss in place in case of a break to the downside.
Comment:
Do I have the guts to short this? Nope.