Bearish breakdown bonanza
A slightly more detailed breakdown of a breakdown. Key support at 3100 with a DesTri target below. Breakdown of a RisWed, which looks better on the 4hr, is targetted at approx. 6000 followed by a support test on the 5900 and a short by ya boi.
Note
too preemptive on the wedge which turned out to be more a an iHS. Overall sentiment is the same with a close below 5700 being a short entry point
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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.