After sitting between the 200 weekly moving average & the 50% retrace/yearly open, we've broken to the downside.
Currently capped by the monthly VWAP.
Untested pitchfork formation
Monthly open @~$6444
Still short off the 200 weekly average
Currently capped by the monthly VWAP.
Untested pitchfork formation
Monthly open @~$6444
Still short off the 200 weekly average
Note
Retest of 50%/yearly open was perfect on risk off open to new trading week
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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.