So we had a massive push up once we broke out of the falling wedge (check out my last post)
WE went up 50%
Weekly looks overextended
Weekly needs higher low
Resistance in this area:
most likely scenario in my opinion is consolidation to form a weekly higher low over next month, few weeks
WE went up 50%
Weekly looks overextended
Weekly needs higher low
Resistance in this area:
- Previous area of support, now resistance for MACRO structure (3 months)
0.5Fibs from the top
Rising wedge resistance
Bull volume on last candle is not that great, lower than bear volume
RSI bear divergence
RSI triangle broke bear and rejected
most likely scenario in my opinion is consolidation to form a weekly higher low over next month, few weeks
Note
working out well so far
Stop loss in
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.
Stop loss in
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.