Sudden big dump! Just follow a key level, life or death 0.618
- The rising Trump is going to post randomly; the daily line formed a engulfing pattern, but there's no need to panic too much. For now, let's watch the fluctuations. If it can recover above 110,000, then the crisis will be averted. If it cannot rise, the important support to follow is at the 0.618 retracement of this upward move, as well as the resonance level of the larger ascending trendline near 105500. If it falls below this level, a retracement will begin, but it will only be a retracement; the overall direction is still upward.
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Sudden big dump! Just follow a key level, life or death 0.618
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The rising Trump is going to post randomly; the daily line formed a engulfing pattern, but there's no need to panic too much. For now, let's watch the fluctuations. If it can recover above 110,000, then the crisis will be averted.
If it cannot rise, the important support to follow is at the 0.618 retracement of this upward move, as well as the resonance level of the larger ascending trendline near 105500. If it falls below this level, a retracement will begin, but it will only be a retracement; the overall direction is still upward.