Short

Updated

Trend channel + fractal = short

You are welcome

Note

This recent rise from 7170 to 7300s was on low volume, it broke out of this trend channel on low volume, this breakout is a fakeout. Limit orders are slowly starting to appear at this resistance. A dump would be appropriate.

Note

Europeans are waking up to this top.

Note

snapshot

Note

I expect this to be the last top in this trading range before the dump to sub 7000. This last top at 7300 coincides with the strong bottom on October 23th.

Note

close shorts.. Next short opportunity in the 7500s

Note

re-opened shorts - noticed high buying volume (millions $) and a spike.

Note

DUMP INCOMING!!

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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.