Quote from: mikeywith on December 04, 2018, 02:35:13 AM

Quote from: cindygirl on December 03, 2018, 07:49:20 PM

Don't see any signicant movements upwards for a long time, even if we break the minor resistance at 4400s it won't take us much higher. Next step is the fall of support levels around 3500 and a new yearly low in the low 3000s. I'm sad to say it because like many I'm ready for the bull run but the reversal isn't here yet. Fortunately with each passing day it comes closer.

if we fail to break 3600 this time, i would only think that we need a re-test of the upper 5k area (5.5 to 5.8k) or at least 5k before making a much lower low on the next dip.

am keeping an eye on the 4500 now, a break above, retest, i will get greedy and enter long for to 5.5k target. ( unlikely to happen but if this, i'll take it ).
also keeping aneye on the coming support area, 3.6k , wanting to see a reversal candle to go long, or a break out to go short.

there are a few possibilities that one can safely trade at current situation. just gotta be sharp and stick to SL because this market can do 20% up or down. in a second.

Well the support held with a quick rebuff and a big green candle. So next stop seems to be a test of mid 4000s. Price movement at the moment reminds me of the range around 6k, very predictable and little movement. That's why I suspect we're not ready for a reversal. Be interesting to see how the market would respond to a bullish movement above 4.5k like you spoke of. Wouldn't be surprised if a lot of people FOMO'd in because there's been a lot of talk of recovery lately.