Wont be available tomorrow so have tried to post as much as i can today to make up for it.
But again there is only so much you can do with the data at hand.
The Bear Flag i discussed in my last phone post has been broken, I believe it is heading under $8,000 with a target of $7,936 .
The $8,150 Support is doing a nice job, but fib is suggesting we must go under, so overnight i am expecting to see prices in the depicted range.
Looking at the short term RSI this support may be where we see our bounce for the end of the 2nd wave. So also keep an eye on it.
IF, the supports are to break in BOTH the RSI & and the Fib Chart, then we may see a more Bearish situation occur.
However i am still liking the Inverted H&S play, and will love for this to play out.
Its still what i am keeping a close eye on!
Wont be posting tomorrow unless i find some spare time, so lets see how price moves from now till Wednesday !
GOOD LUCK! HOPEFULLY SUPPORTS HOLD, HERES MAH CHART:
Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!