On the daily the market is currently above the 200 MA indicating its in a bullish market. You can see price recently mitigated the IC and straighter rocketed up, I'm 99% sure institutions are closing their sell positions(Which probably is the reason price broke outside the support and resistance zone). Before the move back within the two Support and resistance lines i believe price will drop back to the purple zone of demand to complete the right shoulder of the head and shoulders then continue on its way up. I will be entering on the pull back after price moves up after re-entering the purple support.
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As i expected, it purged down to the purple and spring back up. Lets see how the rests goes.
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Yes everything is said has happened, give me my clout please
Kommentar:
This week might be a very bullish week, the price void of bearish candles must be mitigated