I see a potential long therm head & shoulders pattern with a right shoulder top by mid January around 60k$, a break of the neckline by February and a target at 30k$ reached in march or later.
Money flow is decreasing from march 2021 and entered red zone by mid November.
Global economy seems to struggle and politics are looking for a black swan. Evergrande default is just the beginning of cascade reactions.
This is just a though...
Money flow is decreasing from march 2021 and entered red zone by mid November.
Global economy seems to struggle and politics are looking for a black swan. Evergrande default is just the beginning of cascade reactions.
This is just a though...
