🏈 Solid first Quarter for the Bears! 🐻
The Bears are off to a good start after reaching our turnaround zone. After a spot landing on the 78.6% Retracement at $2001 price has dropped over $50, and we left our yellow target zone. We take that as a positive sign for further selloffs. However, a first good quarter doesn't make the game. We desperately need to break the red support line at $1916. Only if the bears manage to break this support, we have a final confirmation for lower prices. In this case, the next stop is around $1800. In our scenario, we can not tolerate prices above the $2024 mark. Should we break above this line, our scenario ist invalidated.
What do you think, will the bears make the game?
What do you think, will the bears make the game?
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