Daily close under the trendline that's been followed ever since the start with a distribution pattern.
Note
Low of the range being tested (56.5k), 6% move to the downside to be expectedNote
Still hasn't gone over the last low, daily keeps closing right under.Note
And there's a bear flag sending it to 50k.Note
looking at 59.2k Current monthly vwap and prev 6 month vwap
Trade closed: target reached
Was on vacation and couldn't log in to TV but target was reached on Aug 5. Trade is done.
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.