I honestly can't give a definitive analysis on this one.
On the one hand we have a previous uptrend, and now consolidation following a Box formation confirming the sideways range.
So if we break up we will head to a target of 23,440
On the other hand (with the US going awry with their radical bills being passed) if the M Formation plays out, there is a likelyhood of the price crash down to 18,850.
The technicals are pointing on the UP so I am 70% Bullish and 30% bearish.
I would imagine the first analysis seems more promising to 23,440.
On the one hand we have a previous uptrend, and now consolidation following a Box formation confirming the sideways range.
So if we break up we will head to a target of 23,440
On the other hand (with the US going awry with their radical bills being passed) if the M Formation plays out, there is a likelyhood of the price crash down to 18,850.
The technicals are pointing on the UP so I am 70% Bullish and 30% bearish.
I would imagine the first analysis seems more promising to 23,440.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.