This is basically an overlay of pre covid crash and after. I just hate using the bars pattern.
Need a 6H close above $8900 (Prefer a close above $8975 for more of a confirmation of breaking resistance), and then set bids between $8920-$8950. Target would be $9.2k. But I think we could get as high as $9.4k.
Looking for an hourly close below yesterday's high. Then take a short to take out yesterday's low.
My last chart is looking more and more positive, let's see where we end today! Updated this one a little after movement last night and today.
Short on retest of $7360, down to the range lows.
Get an hourly close over $7629 and long to $7850. Just using weekly support/resistance that works for me.
Just waiting on a break with some volume, sitting neutral right now.
My plan is a bounce from $8280-8310 taking a long and hoping we go through $8750. Stop-loss at ~$8125 because if we go below that, we go lower and will start shorting bounces.
Longs get liquidated (See layered stops), then moon we go
Last time we broke below then above the 200DMA, it never took out the previous high. We just went above the 200DMA again and didn't take out the previous high. If we break over 11K We will go to a new high for 2019 I believe. If we break back below the 200DMA (Currently support) we probably head back down to the 6000s.
Just look at the picture, I think you get it :)
We are still in an uptrend. I am hoping it comes back down to the 10.5k range and I will get some bids filled. I will take 2/3 off at the first resistance. Will let the rest ride and hope to push towards the other 2 resistances marked.