There's not much analysis going on here, just a simple prediction of what I THINK the price is going to do in the next hours/days. I EXPECT it to get to the ~8300 resistance level and near the 55 EMA (4H), and print a bearish divergence on the stoch oscillator.
We should let the price develop more and give us a signal to open a SHORT position.
No LONG positions will be considered until there's confirmation that the downside is over.
Again, im not taking positions just yet... Im waiting for the price to develop, and this how I think it will.
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We should let the price develop more and give us a signal to open a SHORT position.
No LONG positions will be considered until there's confirmation that the downside is over.
Again, im not taking positions just yet... Im waiting for the price to develop, and this how I think it will.
Leave a comment.