Some more sideway momentums
Bulls and bears are fighting to break that $6400 Major Support
Watch for:
- Flag is forming (can go either way based on volume ,momentum, etc)
- Symmetrical triangle forming (can go either way based on volume ,momentum, etc)
- All oscillator indicators are indicating bearish momentum
- Candles are way below the BB
Overall action:
- I cant see $6400 support holding
- We are closer to the .786 Fib than the .618 Fib
- If we can't hold $6400, I see $5900 as the next $
Bulls and bears are fighting to break that $6400 Major Support
Watch for:
- Flag is forming (can go either way based on volume ,momentum, etc)
- Symmetrical triangle forming (can go either way based on volume ,momentum, etc)
- All oscillator indicators are indicating bearish momentum
- Candles are way below the BB
Overall action:
- I cant see $6400 support holding
- We are closer to the .786 Fib than the .618 Fib
- If we can't hold $6400, I see $5900 as the next $