Huge rejection at H4 200EMA to push us out the ascending triangle and below long-term lower trend. Weekly back in the red.
Support at 4k and 3900 failed to hold as we look to test the prior lower limit of 3800.
Based on momentum, we could see a dip all the way to wedge support (~3650). 3600 is still my trigger to sell (break and close).
A reversal here could set us up for 4000-4050 EOY (12/22 prediction).
Support at 4k and 3900 failed to hold as we look to test the prior lower limit of 3800.
Based on momentum, we could see a dip all the way to wedge support (~3650). 3600 is still my trigger to sell (break and close).
A reversal here could set us up for 4000-4050 EOY (12/22 prediction).
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Related publications
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.