First post on here, let me know what you think.
Multiple technicals lining up for a short on Daily / Weekly Timeframe
Major resistance on Daily / Weekly going back to 2018
at the upper end of R on a long term weekly down trend range (highlighted in yellow)
Await for closing candle, expecting pull back and finish below R line which will indicate a short can be activated
Agree or disagree?
Multiple technicals lining up for a short on Daily / Weekly Timeframe
Major resistance on Daily / Weekly going back to 2018
at the upper end of R on a long term weekly down trend range (highlighted in yellow)
Await for closing candle, expecting pull back and finish below R line which will indicate a short can be activated
Agree or disagree?
Note
A very strong up trend is currently in play so patience is important, will need to see an indication in change in direction, pinbar on 4h maybe / inability on lower timeframes to break through
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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.