Bearish case if we are in Distribution!

So we need to overcome 30 weekly average to be bullish. If not, I would say we can repeat the rejection of the past and go as far down as 23$ as a final step by end of March to recover from there, as last point of the Wyckoff distribution schematic.

I estimated target bottom by looking at previous S/R levels and using a pitchfork to get the diagonal lines that cross that S/R levels.

Trade chiuso: obiettivo raggiunto