Just wanted to share with you guys my draw
Note
I will open a short position in case we break the 7500 solidly.Note
that scenario would be breaking out once again (orange line, 7700) and testing the 8K but my belief is that we have not tested the bottom of the current trend consistently which is on the red support line (6850-6950). So, unless we see a very strong rally from now on I will still prioritise the scenario in which we retest the red line sooner than laterNote
This is "unfortunately" working. Hope the support at the ~6850, ~6900 works tooNote
I'm not trading this right now but got a buy order placed in case we break the channel now. I am not placing any order for buying in case we break the 1500 downwards which is the most likely scenario under my point of view.Note
It is testing now the red support trend line. It will probably break it too though.Note
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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.