Two day short
Taking a position for a two-day short with this rather simple concept. Broken near-term channel floor guides us to a bearish posture. The conjoining channel patterns indicate a target price at levels 40200 - 38800. An overextension to 38000 is possible in accordance with an underlying fib at that level and untested support between 40-38k area.
The timeframe is Feb 13. - 15.
The timeframe is Feb 13. - 15.
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.