Short
The neat formation on top of a giant channel
Price weakness of a couple of rising wedges and a 2-day struggle have given us in fact a stronger formation - a diamond with a neat false break via the top right-hand side. We believe that all above the channel has been painted by now and the descending continuation is on the agenda. Around 44800 you can surely re-group and add up on to your short positions. Alternatively, the possible price return above the channel might suspend this scenario. Enjoy your fishy day!
Yours,
ICBF Swinger Dagmar
Yours,
ICBF Swinger Dagmar
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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.