Just looking at some forming descending triangles.
There are two CME futures gaps which we are at the 50% Fib. If this triangle breaks out down we could be looking at the $8933 $8360 as resistance points on the way to $8000 and below.
Upon the drop I will open a short position looking to close a portion at $8933.
There are two CME futures gaps which we are at the 50% Fib. If this triangle breaks out down we could be looking at the $8933 $8360 as resistance points on the way to $8000 and below.
Upon the drop I will open a short position looking to close a portion at $8933.
Note
Closing this. +5% tradeTrade closed: target reached
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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.