On the 4h chart a potential H&S is forming. I’ll keep my eye close on it during the next few hours/days. If we break the bottomline we could go all the way down until the technical target of the 45K - 45.3K level approximately. I think that will be strong level of support because of the previous support & resistance, the fib 0.786 retracement level (the retracement level is on the 45.3K level) and the psychological price of 45K.
This is my publication #8. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.
This is my publication #8. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.