That can happen and there are others that will agree with you. But they also say that we might see a small relief rally now before going down again.
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That can happen and there are others that will agree with you. But they also say that we might see a small relief rally now before going down again.
I am starting to getting use to the 6500 figure. I still hope 7077 was the low.
The $7,077 level could well be the low. However, overnight price rallied back to the $7,500 level and sure a very strong rejection off this level with a $200 decrease in value since reaching the level a few hours ago. It is very common for price to see a small pullback up to the previous low before it continues its push down, i believe that is what we will see happen here. Its pushed to the previous low of $7,500 and will now come back to test the $7,077 level.
Yeah could happen!