Some things to keep in mind...
-Support has become resistance at 7k area
-The rising wedge has broken to the downside.
-The 21 ema on the daily is still acting has resistance.
-Bearish divergence on 4hr
Lastly there was bullish divergence on the 15m time frame which had initially broke up from 6k to 6.3k however there was no volume at that time.
You're going to want to short this.
TARGETS 4.8k, 3.8k, 3.5k, 3.1k
GAP UNFILLED!! 3k area.
-Support has become resistance at 7k area
-The rising wedge has broken to the downside.
-The 21 ema on the daily is still acting has resistance.
-Bearish divergence on 4hr
Lastly there was bullish divergence on the 15m time frame which had initially broke up from 6k to 6.3k however there was no volume at that time.
You're going to want to short this.
TARGETS 4.8k, 3.8k, 3.5k, 3.1k
GAP UNFILLED!! 3k area.
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.