Taking a short here since the Weekly is at the 78.6% retracement.
A head and shoulder could form after a drop over the next few days.
Any price action above $57,000 will be an opportunity to take a short position.
A break above the shoulder and head would change my bias.
A head and shoulder could form after a drop over the next few days.
Any price action above $57,000 will be an opportunity to take a short position.
A break above the shoulder and head would change my bias.
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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.