We have a flat top forming and already one penetration of resistance a few hours ago.
Short term we are nearing another possible breakout upswing with next fib lines at 9040, 9090 then 9150 and finally resistance trend line at 9220.
Considering closing out a long position in anticipation of some lower prices after this move. I was absolutely wrong on my analysis yesterday, as the bottom fell out as I posted.
I do think we have seen the amount of time pass for another pump though.
I'm just a guy on the internet. I'm still long, but as I said about to close out this losing trade for no loss/no gain assuming this rises out of the hole.
Short term we are nearing another possible breakout upswing with next fib lines at 9040, 9090 then 9150 and finally resistance trend line at 9220.
Considering closing out a long position in anticipation of some lower prices after this move. I was absolutely wrong on my analysis yesterday, as the bottom fell out as I posted.
I do think we have seen the amount of time pass for another pump though.
I'm just a guy on the internet. I'm still long, but as I said about to close out this losing trade for no loss/no gain assuming this rises out of the hole.
Comment:
Reached 9040 as stated within the flat top. Next target possible at 9090.