The market is volatile. We expect the violent moves up and down to continue.
Since yesterday evening the price action paused , with the price moving on a $200 range (11600-11800).
The high probability scenario would be for a drop sub $11,000 (10750-11000) followed by a move upwards.
I wouldn't be shorting at this point as the market seems unsure for the moment
Invalidation of the idea, if the price moves first up above the B
Since yesterday evening the price action paused , with the price moving on a $200 range (11600-11800).
The high probability scenario would be for a drop sub $11,000 (10750-11000) followed by a move upwards.
I wouldn't be shorting at this point as the market seems unsure for the moment
Invalidation of the idea, if the price moves first up above the B
Trade active
The market has moved already.Keep an eye on price action around 11k
Trade active
Just touched the buy box
Trade active
Ready for further downside. Inside the buying zone
Trade active
Further drop did occur
Watch for reversal pattern.
Trade active
Potential high probability scenario
Trade active
The trade is already profitable so it's a good time to increase the stop-losses (Move them at the higher price)Trade active
Note
Wedge brokeTrade closed: target reached
Happy days! Target achieved!
Related publications
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.
Related publications
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.