Short
#POLY short signal on break of EMA200.
Wave C of A-B-C formation is likely in development.
200EMA worked well as a support during the past 4 weeks.
Short #POLY if 1620 level doesn't hold on daily (and subsequently RSI upward trend is broken) with targets:
1490 (100% Fibo and a descending chanel low boundary) - most likely.
1207 (161.8% Fibo and a long time support trend line going through Oct'18, May'19 and Mar'20 lows).
200EMA worked well as a support during the past 4 weeks.
Short #POLY if 1620 level doesn't hold on daily (and subsequently RSI upward trend is broken) with targets:
1490 (100% Fibo and a descending chanel low boundary) - most likely.
1207 (161.8% Fibo and a long time support trend line going through Oct'18, May'19 and Mar'20 lows).
Note
Sell order 1600, TP 1490, SL 1650Trade active
Move SL to 1600Trade closed: stop reached
Stopped at 1600Trade active
Re-enter Short 1600, TP 1490, SL 1650
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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.