One Up and Bear's Short Position
After major break in support yesterday and a continuation of a Bear's Short from last week, it would be safe to say we are now in a Bear Market.
We had a steep drop which had bounced off Support @ 1.94365 and we are in another area of demand. There should be one more push up to resistance zone @ 1.96388 and then short position.
Support @ 1.9466
Resistance @ 1.96388
Broken Bullish Channel meaning Bear Market
Shorting are higher probability moves at the moment
Still allow the market to play out even though we do have a game plan, until objectives are met, anything goes in this market.
Happy Hunting.
We had a steep drop which had bounced off Support @ 1.94365 and we are in another area of demand. There should be one more push up to resistance zone @ 1.96388 and then short position.
Support @ 1.9466
Resistance @ 1.96388
Broken Bullish Channel meaning Bear Market
Shorting are higher probability moves at the moment
Still allow the market to play out even though we do have a game plan, until objectives are met, anything goes in this market.
Happy Hunting.
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