🔥In yesterday's idea which was a literal warning about retracement we spoke on how past price action would likely have us seeing some big retracement and that's exactly what we've seen happen which brought us up to my closest marking below of $20,600 which we've already had marked down now for a few weeks. Tt's nice seeing a bounce form preventing us from falling further thus hopefully we can see things continue and potentially see the next leg up depending on what the Fed says next as it's clear that market investors have been very prone to whatever Powell and the Fed says the past few weeks sending us on a rollercoaster.
🔥I'm gonna leave the idea here for now since we've bounced off my support and we saw the retracement we had called out for so what happens next will depend on what happens at this $20,878 mark which is the bottom of the last support and could be the top of our climb here if we fail to break it thus it'll act as a new resistance we'll have to break through. If you'd like to leave a like or follow to keep posted as always it'd be much appreciated! I simply offer my observations and none of this is financial advice of course as always! Wishing the best.
~ Rock '
🔥I'm gonna leave the idea here for now since we've bounced off my support and we saw the retracement we had called out for so what happens next will depend on what happens at this $20,878 mark which is the bottom of the last support and could be the top of our climb here if we fail to break it thus it'll act as a new resistance we'll have to break through. If you'd like to leave a like or follow to keep posted as always it'd be much appreciated! I simply offer my observations and none of this is financial advice of course as always! Wishing the best.
~ Rock '
