Looks like we are heading towards the 414 - 412lvls which is very good bc we will know by then if we come for more lows or we break highs and rally to the upside.
There is a huge chance that this could just be a fake pump my reasons are
1) LOW ASF weekly volume with BIG BULLISH weekly candle
2) We just had a major banking crisis... money is supposed to be flowing out of markets
3) Credit card debt is at all time highs
4) A bunch of countries dippin on the dollar ( the dying dollar)
5) potential political warfare
100% my pov feel free to leave your thoughts
CHART WISE: I am looking for a SPRING which is basically where price will squeeze so hard above a resistance line or a supply zone ---> and then head right back down as the trend becomes an invalid breakout. So I am watching to see how price reacts around our zone
There is a huge chance that this could just be a fake pump my reasons are
1) LOW ASF weekly volume with BIG BULLISH weekly candle
2) We just had a major banking crisis... money is supposed to be flowing out of markets
3) Credit card debt is at all time highs
4) A bunch of countries dippin on the dollar ( the dying dollar)
5) potential political warfare
100% my pov feel free to leave your thoughts
CHART WISE: I am looking for a SPRING which is basically where price will squeeze so hard above a resistance line or a supply zone ---> and then head right back down as the trend becomes an invalid breakout. So I am watching to see how price reacts around our zone
