AR/Possible Breakdown/Sell Short
~ As seen on the chart this forms a rising wedge and already hits the $31.8 resistance price level
~ MACD & RSI also shows bearish divergences
~ This can support to $30 then a pullback expected then a $29 support area
~ On a higher tf this also formed a head and shoulder pattern which also a bearish pattern
~ MACD & RSI also shows bearish divergences
~ This can support to $30 then a pullback expected then a $29 support area
~ On a higher tf this also formed a head and shoulder pattern which also a bearish pattern
Trade closed: stop reached
AR goes parabolic and invalid out TA
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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.