JCBueno

JCBueno

I'd say 70% success rate or so on the short. strong resistance + falling wedge.

JCBueno Updated 

Details: Primary Pattern (Blue): Falling Wedge Secondary Pattern(Orange): Descending Channel Key Level(s): Red box Buy break-out of local swing-high TA: Bullish Risk:Reward = 4 fundamental analysis: general is bearish (buy blood) sentimental analysis: near-capitulation based on emotional market cycles

JCBueno

all on chart

JCBueno

browsing..

JCBueno

Descending Channel broken. wait for price action to break orange box key level to the upside for bullish confirmation. Seems like a relatively safe trade, will try to update.