Weekly chart looking a little scary!
Will recent history repeat itself?
After getting strongly rejected around the $4000 level, heavy focus should be taken on the weekly close. A rejection from this level in May resulted in a 50% crash. Looking at shorter time frames, I will be looking for a strong close above $3600, or expect further downside.
After getting strongly rejected around the $4000 level, heavy focus should be taken on the weekly close. A rejection from this level in May resulted in a 50% crash. Looking at shorter time frames, I will be looking for a strong close above $3600, or expect further downside.
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