reasons for short:
just broke a strong uptrend. now looking for a little pullback before it continues lower
it is a break/retest of the upward trendline + a third touch of the downward trendline + 38.2fib
SL above the 61.8fib
TP is the 200 ema and you could push it to the daily 61.8fib
just broke a strong uptrend. now looking for a little pullback before it continues lower
it is a break/retest of the upward trendline + a third touch of the downward trendline + 38.2fib
SL above the 61.8fib
TP is the 200 ema and you could push it to the daily 61.8fib
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.