Descending triangle after a drop is a bearish signal.
At the moment of writing the volume is also descending,
so even if we get a break to the upside I think it'll just be another fakeout.
Something else to mention is that more longs are closing, and more shorts are
opening which is a bad sign to me also.
So I guess next price target is around 5320 Euros.
At the moment of writing the volume is also descending,
so even if we get a break to the upside I think it'll just be another fakeout.
Something else to mention is that more longs are closing, and more shorts are
opening which is a bad sign to me also.
So I guess next price target is around 5320 Euros.
Note
ascending wedge forming so I'm still short until 5320.
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.
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.