Fri 17 Oct - Market Update (Potentially Next Week Moves)

The market shifted bearish on the lower time frames.

Daily is still bullish.

But on lower, indicating a retracement/down move.

Let's see how deep it will go.

#1 Push further down to the 4281 area, and then either drop or buyers get in and bring the price up again.

#2 Price starts the uptrend by completing a 3h/4h candle close. Which will then indicate the uptrend starting again toward the break at level 4342. IF broken and tested with a candle close on 15m/30m, we then confirm the uptrend to the ATH or further to the next psychological level 4425.

That's it for now.

Let's see how today plays out.

Let me know if you prefer the details of price action I see in the analysis or just the chart with drawings?

Hope it's helpful for you guys!

Just sharing what I've learn so far in my journey.

If you are just getting started, hold on tied and NEVER give up.

You'll make it. It's just a matter of time for you to start seeing the results.

Just keep learning and practising, you'll be there soon!

The losses are just part of the journey, and our initiation fees in the markets.

Soon it will all be paid back 100x 😉

Just never STOP improving.

Thanks for being here!

@TeamWePrint