1.ALL TIME LOW 2. BREAKOUT FROM FALLING WEDGE 3. RETEST OF FALLING WEDGE TRENDLINE 4. MASSIVE DIVERGENCE AT THE ALL TIME LOW 5. PROFIT!
Looking for a golden pocket bounce !
Daily Doji Candles. Close bellow support and we are looking at some downside. Meanwhile you can scalp the range in the chanel.
Still some upside left here jsut need to wait for a proper setup
Wait for break of either line and enter short or long according
Long now at trendline, or short at Resistance
Simply look at these last few weekly candles. All those upper wicks are a sign that sellers are pushing this down at every attemp. When bulls get tired, the trend will shift, taking out the support at 6800 and potentially revisiting the yearly low.
As you see lots of resistance and support lines, but this is based of 1D chart, the hanging man, break out of wedge, and cloud resistance.
Honestly dont even trade just open bets for thesis'? like an app or something with real money ? Heard it here first !
Dont ask how , it's to early. I am making an intuitive premature guess. Facts and info will be provide later on. Just need to document this for now.
Descending channel, right at major support zone. This might be the move that takes us from the grave to the heavens.... just kidding expecting a pullback to next major demand,