Triangle took more time to play out, hence a larger triangle. New ABCDE points made. Drop at Point E.
Waiting for price to break under the channels/trendlines underneath and for the creation of a new Lower Low and hence establishing a downtrend.
Click through to this link for full analysis earlier from today.
Waiting for price to break under the channels/trendlines underneath and for the creation of a new Lower Low and hence establishing a downtrend.
Click through to this link for full analysis earlier from today.
Trade active
Short trade active.
Stop Loss to Stop Profit for a risk free trade!
HOLD. I see a long-term short.
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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.