Description in chart ...
Comment:
Maybe a push towards the 8k and if there is no strength that could triggered a movement to the 6k level ... and maybe lower
Comment:
If the price breaks with strength the 8k Level then the BIAS at least in the short term would be no longer towards the upside, however in the "long term" the perspective is still bearish ... Remember: Is important to coordinate the trends from different time frames
Comment:
** Towards the downside
Comment:
So far the price is acting as expected ... so lets see if it can break the 6k level
Comment:
Expecting a test of the 6k level ... lets see how the price reacts
Comment:
So far the 6k level "seems" to be holding, however this could be a long trap before a new attack towards the downside ... in any case if you are short with a good location, IMO there is no reason to close the short ... is likely that the downward mometum continues
Comment:
If the price goes above the 7k level, then the BIAS at least in the short term, would be no longer towards the downside ... in other words if you are short from a good location then that would be the place where I get out .... HOWEVER in the "long" term the BIAS is still towards the downside
Comment:
IMO I think that the Longer term trend is towards the downside, however the last part (From the begining of July until now) the price is frame under a corrective movement, so at this moment I would be flat but waiting for another context that gives me a better edge ... you can see some of my thoughts in the related idea
