More & more “fresh meat” has come into different types of bull traps
After a very nice false break of a strong resistance level @45K on Friday the market relaxed over the week-end giving the opportunity plenty of crowd hungry bulls to climb as high as they wished. However, we can see now that even 44K has proved to be a “tough nut” to them: another beautiful rising wedge “sweet zone” is their “finish line” for now. The chart looks very bearish, with extremely “heavy” local lows in the area of 40700 & 39600. We might await acceleration in market falling upon price leaving of any close levels to 40K.