Following up my previous idea...it seems that I posted it rather early and should've allowed the market to consolidate a little bit further. Anyways, I still have my bearish sentiment on the upcoming breakout from this triangle, and it appears that it is going to happen quite soon!
Watch closely for the breakout!
This is NOT a financial advice, trade at your own risk!
Watch closely for the breakout!
This is NOT a financial advice, trade at your own risk!
Trade active
We just broke out of the triangle downwards. There is still a possibility to retest the ascending trendline to enter shorts. Short term target: 4200
Long term potential target: 1800
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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.