The final piece of the puzzle is an inverted hammer. That usually means its sign that prices will have difficulty rising. Smart money usually exits when they see a hammer. It's a very textbook short signal and bullish trend reversal. (on top of the other trend reversal signals)
Can't short now though. Need to see a daily close as a hammer first. May come in a few days. Let's see.
Can't short now though. Need to see a daily close as a hammer first. May come in a few days. Let's see.
Note
Well its an inverted hammer. Just in time. Short 9770. stop 10000.
No profit targets yet on shorts. but we're gonna drop really hard.
Definitely close if we hit 5.5k.
Note
Closing short and buy at 6.9k. Very high chance of a good bounce there.
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.
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.