Negative scenario for short-term
Ok guys, I promise you one positive and another negative analysis so we don't get blind on what is going on. This is the negative one and it is not looking good if you are on the wrong side. Keep this on mind and let's see what happens latter on. The dashed circle curve is the resistence market need to brake in order to go long. Otherwise we might go down A LOT like on the green flag.
Note
Market testing the resistence second time:Note
We got a break out, invalidating this setup, here is the next target for now:Note
Ok guys, market got back below the resistence curve and this idea is now back to the game, take care !Note
We got a brand new break out, setup invalidated
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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.