Long Term Sell , short term Pullback
Price is in distributing phase, Expecting a Major Longterm reversal to the downside for the next year at least
Note* Before entering, expect a retrace on the smaller time frames, before it continues to drop, and ride the wave down
- Once price breaks the trendline also known as "jump the creek" we are looking for the 200 and 50 EMA cross,
once they cross that will be a strong confirmation of a trend reversal, enter on the retest of the trendline where it
"jumped the creek"
-Tripple Top
-Strong Supply/Confluence Zone
-Divergence on the Daily
------Happy Trading------
Note* Before entering, expect a retrace on the smaller time frames, before it continues to drop, and ride the wave down
- Once price breaks the trendline also known as "jump the creek" we are looking for the 200 and 50 EMA cross,
once they cross that will be a strong confirmation of a trend reversal, enter on the retest of the trendline where it
"jumped the creek"
-Tripple Top
-Strong Supply/Confluence Zone
-Divergence on the Daily
------Happy Trading------
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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.
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.