Based on the broader market movement I'm prepping to hedge and hoping I don't have to, but based on action within this uptrend suggest we may be breaking range in the next week or so.
Please don't take my drawings seriously.
Please don't take my drawings seriously.
Trade closed: stop reached
To be fair, I prefaced that I was watching for short term downside. Hedged up. there is a volume gap in the high 50's going back to 2020. Currently thinking that will be the extent of the drop, but reaching for the .618 isn't off the table.
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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.