UPDATE: THE BATTLE FOR THE 200's -- Intermediate Bear Trendline
From my last publishing, we broke the wedge, and thus are playing out Scenario 2. This is an update of the possibilities
that we face.
[u]Scenario 2a:[/u]
This is a tweak from my previous scenario 1. If bulls fail to break the purple triangle in the upcoming 36 hrs, then we
will see a re-test of the 210 support -- which wasn't exactly tested last time. But, if we go near there again, I doubt it will
hold, and thus go straight for the final support line for the 200s. (Yellow Line)
[u]Scenario 2b:[/u]
This is the scenario I'm leaning towards, and it's an updated version of my previous Scenario 2. I no longer think the
Head & Shoulder pattern is plausible. Instead, I'm thinking a triple top will play out. And, if it does,
then we will head down and test the bull trend line. And, in this scenario, I have doubts the bears will
break 215 (maybe not even 218) -- which, if so, will continue the higher lows we've been seeing since 210.
I'll update further as more develops.
that we face.
[u]Scenario 2a:[/u]
This is a tweak from my previous scenario 1. If bulls fail to break the purple triangle in the upcoming 36 hrs, then we
will see a re-test of the 210 support -- which wasn't exactly tested last time. But, if we go near there again, I doubt it will
hold, and thus go straight for the final support line for the 200s. (Yellow Line)
[u]Scenario 2b:[/u]
This is the scenario I'm leaning towards, and it's an updated version of my previous Scenario 2. I no longer think the
Head & Shoulder pattern is plausible. Instead, I'm thinking a triple top will play out. And, if it does,
then we will head down and test the bull trend line. And, in this scenario, I have doubts the bears will
break 215 (maybe not even 218) -- which, if so, will continue the higher lows we've been seeing since 210.
I'll update further as more develops.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.