When in doubt, invert it out.
This trade would look like a bottom to me and I would long. Therefore, this looks like a low risk short play from here.
I think we test the support one more time and possibly wick below it before reclaiming it. From there we might see some low volume consolidation/accumulation similar to late July before a push up into the EOY.
Entry: 11700-11800
SL: 11900
TP: 11100-10800
I think we test the support one more time and possibly wick below it before reclaiming it. From there we might see some low volume consolidation/accumulation similar to late July before a push up into the EOY.
Entry: 11700-11800
SL: 11900
TP: 11100-10800
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.