Sideways moving means no trading

The price has managed to paint a fresh correction channel which opens an upper border exit out of it up to $11.8K again, however, with no direction change - the incentive would be still bearish with a deep downside potential. Another version of today's development would be let's say the break of a neck line followed by a bounce from it with the nearest target of $9.3K. What is definite is that you are squared as of the current Monday opening moment. The market is just in the middle of something, time will show the next triggers of ours shortly.

Kerstin Ohlsson
Xena Exchange Swinger