SHORT OPPORTUNITY
* Market is forming a rising wedge which is coming up against a weekly zone
* Bearish trend on weekly: MA's are bearish waiting for wick to retest 8 EMA blue line
* Daily made a lower low, broke weekly support
* Price might consolidate inside the red box then breakout
IF MARKET REVERSES
*waiting to retest weekly and go for longs
* Market is forming a rising wedge which is coming up against a weekly zone
* Bearish trend on weekly: MA's are bearish waiting for wick to retest 8 EMA blue line
* Daily made a lower low, broke weekly support
* Price might consolidate inside the red box then breakout
IF MARKET REVERSES
*waiting to retest weekly and go for longs
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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.
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.