potential short on AJ coming up on daily?
see chart for details - in a nut shell:
- ranging in a rising wedge, that is
- about to hit previous support, now resistance, that
- confluences with 0.5 retracement level of previous swing low, all while
- RSI and STOCHS are (close to) being oversold and topping out...
stops above previous 2nd resistance level
targets indicated -
T1: clone of the wedge base depth
T2: previous support
- ranging in a rising wedge, that is
- about to hit previous support, now resistance, that
- confluences with 0.5 retracement level of previous swing low, all while
- RSI and STOCHS are (close to) being oversold and topping out...
stops above previous 2nd resistance level
targets indicated -
T1: clone of the wedge base depth
T2: previous support
Trade closed: target reached
Both TP1 and TP2 hit nicely
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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.