A few chart patterns and the fib retracement over the last week. We could be looking at a drop from here to continue in the falling wedge on the daily converging near the 17th. A low of $8420 according to the fib; and my chart leads me to believe that $8490 by the 15th of Nov.
I'm leaning towards a breakout from this wedge due to fundamentals and such.
Feel free to drop a comment.
I'm leaning towards a breakout from this wedge due to fundamentals and such.
Feel free to drop a comment.
Trade closed: target reached
Closed my short position at $8491 +2.90%
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.