You've got a clear reversal after more than 1 month of hammering 19 to 20k. It doesn't mean in my view we'll go to 35 or 45k. But capitulation is over unless some new bad news (CPI and inflation and hikes and gas shortage in EU.... Are all incorporated).
Capitulation is over. Now let's see if we go sideways (by sideways I include going to test 20k again but with clear rejection) or into a clear upward trend
You've got a clear reversal after more than 1 month of hammering 19 to 20k. It doesn't mean in my view we'll go to 35 or 45k. But capitulation is over unless some new bad news (CPI and inflation and hikes and gas shortage in EU.... Are all incorporated). Capitulation is over. Now let's see if we go sideways (by sideways I include going to test 20k again but with clear rejection) or into a clear upward trend