Bear flag forming at the edge of the channel. The flag pole came down with good volume and flag itself (consolidation) on decrease volume therefore good probability of more downside. If that happens that could create a Wycoff spring and resume the current trend.
Trade active
It all seems to be working so far, the breakout of the channel is happening with increase volume. Next step we would like to see a push through of the 19000 level with a good volume too. My entry was at 20000 and my stop loss is already at breakeven. If 19000 level is broken I will be looking to add to my position on the retest of that level.
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.