1. Old resistance became new support for now.
2. not out of the woods yet as the channel is not breached.
3. upper channel resistance and this new support are now forming a descending wedge.
2. not out of the woods yet as the channel is not breached.
3. upper channel resistance and this new support are now forming a descending wedge.
Trade active
Sold around 505. Re buy at break point or supportNote
Entries stacked just in case we get a reaction off the line.
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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.