Mid/Long Term Active Bear Algo

6 de abr. de 2019

We have an active algo target down in the 2300 range thanks to our latest high spiking up into the golden pocket of the large move down from 6K. Bulls need to push the price back up one more leg above 5362 to get these algos to flip/stop otherwise they'll keep the selling pressure on down to new lows. We did see quite strong resistance/defense in the golden pocket, but with the market feeling a little bullish at the moment, it could be possible to push through, especially on a weekend.