So everyone is calling longs, ill be one to call in short. At hind sight this looks like a mess but lets break it up:
1.) Ichimoku indicator:
*b.) the trend is breaking down from the cloud and the leading green line has reversed and crossed the red line
*c.) the 9ma is crossing the 26ma
2.) Fib Retracement
*a.) If we break the purple rectangle, which is an important support we can potentially free fall to the likes of $39
1.) Ichimoku indicator:
*b.) the trend is breaking down from the cloud and the leading green line has reversed and crossed the red line
*c.) the 9ma is crossing the 26ma
2.) Fib Retracement
*a.) If we break the purple rectangle, which is an important support we can potentially free fall to the likes of $39
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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.