Daily chart analysis
VXRT after making some parabolic moves upwards back in June/July 2020, it has been in a Symmetrical Triangle pattern for well over a year now.
Price broke down from pattern in Dec. 2021, pulled back to previous support and bounced off it turning it into resistance.
With the breakdown, we also have a Death cross signaling bear market.
Will Be entering trade to short
Entry: 6.03
Stoploss: 5.50
Target: 4.00
VXRT after making some parabolic moves upwards back in June/July 2020, it has been in a Symmetrical Triangle pattern for well over a year now.
Price broke down from pattern in Dec. 2021, pulled back to previous support and bounced off it turning it into resistance.
With the breakdown, we also have a Death cross signaling bear market.
Will Be entering trade to short
Entry: 6.03
Stoploss: 5.50
Target: 4.00
Note
typo on stop lossStop loss: 7.00
Note
updating target: 4.00 or trailing 10 emaTrade closed: target reached
Exit - 4.93 - +18.24% - 1.13 RR ratio
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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.