There is a nice chance we might see a short term uptrend back to 9500-9700 zone, before we move down any further. We hit the bottom of our daily price downtrend channel as well as our daily RSI downtrend channel. There is also a massive MA 200 in play which should hold for now.
After the bounce upwards we should continue down a little bit pass the current low to 8300 (depends how fast everything unfolds) and there the MA 100 will be right in place.
p.s. i am a noob, this is how i trade, if you do the same and lose money, man i am sorry but i cant do nothing about it
After the bounce upwards we should continue down a little bit pass the current low to 8300 (depends how fast everything unfolds) and there the MA 100 will be right in place.
p.s. i am a noob, this is how i trade, if you do the same and lose money, man i am sorry but i cant do nothing about it
Comment:
there is also a big chance we might not go down at all anymore, because we are on a right track to draw a cup and handle pattern, which would blow us past the current 10500 high. But we will talk about it when the time is right, first we need to see if MA 200 holds