Bearish ending diagonal confirmed, target 5800
Updated
This downward move is enough to change my intraday and swing trading bias to short. Chart is same as previous with target around 5800 in the green buy zone box. I actually am long term bullish on this and ultimately looking to buy if it squeezes in that box.
However that probably won't be for a few days if not a few weeks. The lower bollinger band will be both an exit area for shorts and entry area for long term buys.
I am not opening an actual short trade here yet but will be scalping in that direction and probably not updating TV with every trade I do. This is just a note of my bias.
However that probably won't be for a few days if not a few weeks. The lower bollinger band will be both an exit area for shorts and entry area for long term buys.
I am not opening an actual short trade here yet but will be scalping in that direction and probably not updating TV with every trade I do. This is just a note of my bias.
Note
Sketch for path to buy zone. Not much data on this so waves are all mainly guesswork at this point.
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