Were headed back down , hard. Lets just hop on the short train and ride it to tendieville. Good luck to you! LFG!
Channel held today. It's looking like we're going to continue falling further.
We are in the middle of a some brief consolidation coming down from the merge. I think we will see some more sideways action with a slight break out above $1400 before we head down to test $1000. Chart is 12H.
I think we might see a bounce soon. I think 3900 might be a reasonable target. We are at a place on this downward trend line that could serve as a place to bounce. We also are at support. Should be interesting to see this week.
Short term bullish. Stay frosty. We've crossed about the 15min 60EMA which is something that to me keeps a tab on short term momentum. I think we could run higher a few % points from here. Mind the green dashed lines.
From the lows to the highs and back again. Can .618 hold or will we fall further?
Bottom trend line is holding for now, lets see how this goes.
We've broken out of the downward trend line, and have double bottomed at support. Short term bullish technically speaking , but who knows what will happen with CPI numbers tomorrow. Be careful!