Wave c of A ended with a significant read on mac D
The top of wave B has been marked with high volume
There is a convergence of support trendlines at 260
The 288 level was the strongest resistance ahead, but now 274 is acting as such
After a retest and failure to break above that level, PA would fall bellow 250, with next support found at 230 and 202.
Good places for entry short are found at 274, after confirmation of a breakout below 262 or during the first pullback near 250.
The top of wave B has been marked with high volume
There is a convergence of support trendlines at 260
The 288 level was the strongest resistance ahead, but now 274 is acting as such
After a retest and failure to break above that level, PA would fall bellow 250, with next support found at 230 and 202.
Good places for entry short are found at 274, after confirmation of a breakout below 262 or during the first pullback near 250.
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.