Short to ~20250 and ~19100 (keeping 10% for 18570)
Price is slightly pushing up in a rising wedge on decreasing relative volume (instead of doing a bull flag or flat consolidation)
On the bigger charts we've also hit a significant order block, this would make a double top
Both 20250 and 19100 are where the volume is on the volume profile, with a big volume imbalance between 18570 and 17500
To keep in mind there is still room for 4 to 5% to the upwards
Price is slightly pushing up in a rising wedge on decreasing relative volume (instead of doing a bull flag or flat consolidation)
On the bigger charts we've also hit a significant order block, this would make a double top
Both 20250 and 19100 are where the volume is on the volume profile, with a big volume imbalance between 18570 and 17500
To keep in mind there is still room for 4 to 5% to the upwards
Note
3D chartNote
S&P hit the big resNote
This is it, bear crab into the OB with a small overshoot of the 3D trendline to make the perfect bull trapNote
Big divergences on the TSV for all timeframes, added short
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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.