A short scalp idea (descending triangle = bearish breakout) -Yurlo
Good morning friends, over the last 8 months I've been on quite the emotional rollercoaster since deciding to join the trading and investing community. In my previous years I've struggled with smoking weed and drinking (which is one of the reasons my trades we're usually all over the place) However, I'm sober completely now and have taken full control over my life and future. I'll be posting a few trading setups per week and i hope you guys enjoy them and possibly learn something. In my early stages of trading, I was over confident, self absorbed, and disrespectful. Since then, the markets have humbled me and ultimately trading is you vs you and thats something I needed to take some time to comprehend and visualize what needed to be done in order to have a successful and meaningful life doing the things I love and am very passionate with.
Trading talk:
1: lower highs consistently while we're slowly walking down towards $19,000 support level (which must hold in order for bulls to have any sort of momentum)
2: descending triangle usually results in a bearish breakout
3: $20,000 is a massive resistance, $19,500 is local resistance.
Will provide an update to this post by daily close (8pm EST) and will be posting a few trading setups a week now that I'm sober and healthy mentally and physically.
Cheers and enjoy your day ladies and gentleman.
👍
