There is i one more channel i forgot to mention about in video, but we will have plenty of time to talk about it.
See you next time, trade smart, dont fomo.
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My first target has reached, sold 60% of my short from 9k avg just like I mentioned in my video, looking for some bounce now and add more to my short 8700-8900 or higher if we get there, 7k is still my main target
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Now I’m waiting for daily close, if we manage to close above 200Ema and 200ma we might see continuation higher. If we close below these we will likely see a continuation to downside.
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we closed below 200EMA on daily , i added to my short at daily closing $8105,
i have more shorts at $8240 (4hr 10 EMA)
if we break 10EMA on 4hr there will be move up to next resistance local high at $8750 and or 10EMA on daily which will be at similar price point on next 2 candles
200EMA and 200MA on daily is still a resistance, if we successfully close daily above and hold there, it will give bull a chance to reverse and confirm a bottom, until than pressure is still to downside
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