Watch out for a possible retrace.
Updated
Watch out for a possible retrace.
Comment
We had the perfect setup. Bearish divergence on two time frames and TD 9 right at the resistance. Of course it could have gone in the opposite direction but the chances of going that way were lower than the chances of going down.
If it breaks out of the wedge the fall to the potential buy zone (0.00002143-0.00002043) should be accelerated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.