If the bounce area does not hold, 4300 is the 50 ma on the daily chart and horizontal support, so that should be the next level for an objective long. However, any bounce will likely be shallow.
Gold and Silver are potentially is bottoming in this area, but the monthly close will be very important for both. Bonds may be making a double bottom. BTC could rally a bit from here to test it's broke trendline but right now it looks like the high for this year is in on BTC.
Good luck!
Gold and Silver are potentially is bottoming in this area, but the monthly close will be very important for both. Bonds may be making a double bottom. BTC could rally a bit from here to test it's broke trendline but right now it looks like the high for this year is in on BTC.
Good luck!
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breakout overnight, it's possible we retest the lows before going higher, or breakdown from here, hard to tell.
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if they don't breakdown completely, it could be this, no promises.
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this general area was support before, let's see if they can hold it.
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there's a resistance shelf at 4435 - if it gets that high watch that level.
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Good morning, the bounce has continued overnight, but with the small and mid time frames reset, another leg down is likely for a few days. Test of the previous "wind up" channel is directly ahead at 4425-4440
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one more move up after open would not surprise me but it doesn't have to happen.
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good morning, if we are going to have the final wave down we should start breaking down harder today. If they consolidate here, A final push up is likely.
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right now it looks like more upside is likely into Friday
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will update if anything changes.
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if they sell it here, it's likely just a B wave. It would trap bears if this is correct. Either way it will be choppy I think for a few more days.
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should just keep going to 4470, I'm somewhat surprised, but 4460-4470 is the 18 day ma, so it's a short if it gets there.
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50 ma also there next to the 18day ma. It should be a magnet. Maybe with NVDA they get there by morning, not sure.
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target area already reached on futures. Could go a little higher but in general, this area should be a heavy resistance zone. We'll see tomorrow!
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target area (top of previous channel) reached. A little higher, but this area should be tough resistance tomorrow.
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if we pullback it may just be a B leg before a C up to complete the correction. Or we just go straight up a little more (blue path). Either way I think any rally (sooner or later) is still an opportunity to short but they will probably do it in the trickiest way possible before the weekend.
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smaller time frames already oversold, but if it keeps selling and gets under 4400, this is the likely scenario. I think shorting here is risky with the RSI this low
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Bottom of channel. I've made a new video about this trade, updates will go there.
