Good morning, beautiful people qqq - this is what it looks like right now on a four-hour chart. You see that white line that has been the bottom of the market over the past week, or so so. This is kind of what's going on drawing trend line over that trend line switch to one year, one day draw a trend line over that trend line. Just for fun, here's a 10 day 30 minute chart.
You will see that the mark has been bottoming, that white line for the past couple days, so the way it stands is if the market goes through, that white line with confirming selling volume. Today you will then look down to that white line. What is the price of that white line? The price of that white line is 389 dollars, so to repeat: if the market goes to that one and has extreme selling volume, as it's going through, there's a good chance. The market can creep down to that price of 3.89 and vice versa, if it's holding it with a bunch of buying volume, don't go short.
Yanki doodle