The below are the 3 scenarios i see playing out due to us looking to be at the end of the third drive up.
(Green) Bit of an odd one due to the $1000 level being broken.. it could prove to be support and effectively has done twice already when tested. The longer it takes the more likely those who are expecting a pull back are going to give up and push price back up..another couple of bounces off $1000 with conviction would seal this for me.
(Black) I really struggle to see us dropping below $880, but expect alot of buying at this level presenting a good place for buy orders IMO.
(Orange) c. $950 We eventually break and find support before sub $1000 FOMO kicks back in.
Generally i expect us to be higher in February.
Who know mega bull could still come out..
(Green) Bit of an odd one due to the $1000 level being broken.. it could prove to be support and effectively has done twice already when tested. The longer it takes the more likely those who are expecting a pull back are going to give up and push price back up..another couple of bounces off $1000 with conviction would seal this for me.
(Black) I really struggle to see us dropping below $880, but expect alot of buying at this level presenting a good place for buy orders IMO.
(Orange) c. $950 We eventually break and find support before sub $1000 FOMO kicks back in.
Generally i expect us to be higher in February.
Who know mega bull could still come out..
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Opened long on break at 1050
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