As the year is coming to an end, I do not excepting to see much trading volume.
BUT, I believe we are not ready yet for our next leg to the downside.
Price is currently sitting at previous month open, a good amount of liquidity was taken from the 3900 level which we closed under on Friday.
Depending on how market opens, I will be watching the 3850-3875 to hold for a brief long position to 3990-4000.
Overall I am bearish for the upcoming year of 2023 and believe we will see 3K within the first half of 2023.
Goodluck to all.
BUT, I believe we are not ready yet for our next leg to the downside.
Price is currently sitting at previous month open, a good amount of liquidity was taken from the 3900 level which we closed under on Friday.
Depending on how market opens, I will be watching the 3850-3875 to hold for a brief long position to 3990-4000.
Overall I am bearish for the upcoming year of 2023 and believe we will see 3K within the first half of 2023.
Goodluck to all.