Hello , welcome all to this new week, sorry was a bit held up yesterday couldn't update you on anything, but here i am back with the latest analysis, as indicated sometimes on Friday last week , i was expecting to see a pump up to at least $1980 but we never saw it and instead we attained $1966 and then had our waterfall.
Today is a continuation of the waterfall , we had a fall yesterday , but i wasn't trading at all, but i had to go back to the market during the evening hours and see what the market offered us yesterday and as of now i can just see a fall continuation. I believe you can see very well the marking on my chart, but our main or rather major point of consideration here are those two black info lines,one at $1950 and the lower one at $1944, i'm mainly looking at a fall today, but the fall should first be confirmed with the breaking of $1944, in case we see a decline of the fall and the market decides to have a pump then we shouldn't have any entries for buy until when we see the market has broken $1950 and for confirmation should be $1958.
So generally speaking we are all bearish as of now, i expect the market to fall and i have first targeted $1937 before and possibly we might have an extension further down to $1925 there and then we will be able to understand what to do next.
until then do wish you all a wonderful trading day!