Time Frame: Daily
Predicted Direction: Short
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The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
I suspect a pullback to $10.5k will occur prior to a continued push to the downside.
The first being the 38.20% which would also coincide with the 1hr 50EMA.
The second being the 61.80% which would coincide with the 4hr 50EMA.
This for me now has all the legs to breach the $9k mark.
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"NeverNO an hour ago
if there is a closing rate on a daily basis below 7888, then you should calculate even lower levels ... even 1.62% of the Fib extension or - "worst case" - all the way to 6107 ... "