Has the top arrived? A question that is on the minds of many traders right now.
I won't go into too much detail here, so let's get to the point.
Monthly bias: SETUP is not indicating a change in direction, therefore, there are “no things to worry about in this time frame”. For now, right? Don't be naive, please!
Going weekly, we have a corrective bearish pivot for the moment, as shown in the image below. Prices are below the zero line of this pivot, the best thing would be for prices to return as quickly as possible above this range (66.4K),
snapshot
Note: The red lines are support points.
We also have a corrective pivot on the short-term chart. Do not forget. "We must measure things looking at the long term, but changes always started in the short term!"
Do your analysis and good business.
Be Aware, If You Buy, Use Stop Loss!
See other graphic analyzes below!
I won't go into too much detail here, so let's get to the point.
Monthly bias: SETUP is not indicating a change in direction, therefore, there are “no things to worry about in this time frame”. For now, right? Don't be naive, please!
Going weekly, we have a corrective bearish pivot for the moment, as shown in the image below. Prices are below the zero line of this pivot, the best thing would be for prices to return as quickly as possible above this range (66.4K),
snapshot
We also have a corrective pivot on the short-term chart. Do not forget. "We must measure things looking at the long term, but changes always started in the short term!"
Do your analysis and good business.
Be Aware, If You Buy, Use Stop Loss!
See other graphic analyzes below!
