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Bears should be careful here. This could be a macro bull break setting up.

As more time passes we’re seeing more failures of classic crash patterns and more things consistent with a bottoming move.

We’re now at what would be classically be a critical decision level. If bulls are strong into the end of this week and next week and close over 4100,many bear patterns have failed.

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Read full write up here. A real failure of the bear market if this level breaks. (substack.com)



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Bear have more of a case here (But only with a small area of risk).

We’ve not seen anything notable bearish of late but we are now getting back into the sort of zone where we’d be likely to see bears if it is indeed the case we’re in a shallow bull trap on a weekly/monthly chart. Bears have not yet broken (And they might not) - but this is a time to be aware of the risks and where there’s again reasonable odds betting on a big bear move. Real further analysis and actionable break levels here. Bear break contingency plans - by HoleyProfit (substack.com) ​ TLDR: Short 4160. Stop 4179. Trail stops on longs to protect profits. via reddit https://ift.tt/zL2huGX
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