-It appears we have a rising wedge. The highlighted yellow circle shows strong resistance at the trendline, followed by a slight reversal. I will be watching this on lower time frames to enter on a short position.
-This is also the highest high on a monthly time frame, we are due for a pullback to the down side.
-This is also the highest high on a monthly time frame, we are due for a pullback to the down side.
Note
Entered the short last hour.Note
Looking Good!
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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.