In my last update I gave you 2 levels to watch, the POC at 47k, and the daily at 44.4k
We came back up to test the POC and rejected it (short opportunity if you followed my levels), didn't really get any meaningful reaction at the daily and broke it.
We are now back into the 34-45k range that we broke out of after weeks of consolidation, which is bearish of course.
First level I'm looking for is the 42k region (at the weekly and daily level), then if we break it I would look back at the monthly around 38.5k
If we push back up and reclaim 47k, we can look for higher (towards 50k)
Any questions?
Good luck traders
Remember not to break your rules
Habib
We came back up to test the POC and rejected it (short opportunity if you followed my levels), didn't really get any meaningful reaction at the daily and broke it.
We are now back into the 34-45k range that we broke out of after weeks of consolidation, which is bearish of course.
First level I'm looking for is the 42k region (at the weekly and daily level), then if we break it I would look back at the monthly around 38.5k
If we push back up and reclaim 47k, we can look for higher (towards 50k)
Any questions?
Good luck traders
Remember not to break your rules
Habib
