We have a nice weekend descending Triangle playing out. But this doesn't mean we won't see a bounce short term once we finally land 6790. There seem to be a lot of buying orders there which might make it a nice swing trade for next week. We are just getting confirmation on the rejection to begin the wave down to 6790.
This trade will be invalidated if we go above 7150.
Comment below.
This trade will be invalidated if we go above 7150.
Comment below.
Note
Change that descending triangle to a bear flag. I did this quickly so I will readjust as more data is received.
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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.