Hammer Candle initiated new buying wave

Aktualisiert
The exspected consolidation stopped near by the min fibo correction Level (tp1 former view) and a big bullish hammer candle was formed. Such a candle is a signal that the momentum is still strong bullish and the buying pressure is still given.
The Level to watch is now: 4500$
Breaking that Level should initiate a new buying wave up to 4.800 respective 6.000$!
Trading below 3.800$ means aiming the former BO-Level at ~ 2.900$

Former view: Is it time to short the Beast?
Is it time to short the Beast?
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prepare for breakout! Snapshot
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Snapshot
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nxt 1 ? Snapshot
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aha Snapshot
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last resistance before we see the breakout..but watch the rsi, he is soon making a sellingsignal in this tf Snapshot
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RSI! Snapshot
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Snapshot and here we see the break out
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kissing the bo-level Snapshot
Support and ResistanceTrend Analysis

Haftungsausschluss