Good v evil
On to the lie -
So, without getting too wordy - 4300 first resistance and possible rejection point. 4600 rising triangle target. 3970 major support. Liquidity is the key. Shorts should start lining up, which they burn as fuel. Indicators and other metrics are working to or already pointing south. Last trip to 4300 was really quick and led to a great fall. As for STB’s call, I lean towards a large, manageable consolidation area. 10-15% (4300-3800). Let’s see what they want.
More to come below.
Have a great day.
GL and GB!
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