Just a quick idea. Bearish divergence in RSI, rejection after attempt to return to triangle that we broke out of, overwhelming selling volume and indecisive candles pattern point to possible sell off. Likely supply the major at 30k will be tapped quickly with a long wick and we are off to greener pastures.
T1 - 31000
T2 - 29300
T1 - 31000
T2 - 29300
Note
Target 1 is not far, the idea is already successful for $2000 movement on the short.Not a bad moment to move the stop loss on profit.
PS: It is meant to say "Likely the major supply" at the second row, boy did I write this in a hurry :-)
Usually being in a hurry when doing anything isn't an auspicious sign, except when leaving your mother-in-law's house.
Trade closed: target reached
Target 1 reached!Trade closed: target reached
Target 2 reached!
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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.