We hada small fakeout, built a small Head and Shoulders, I expect we drop through the red support to 8950, retest the built resistance that was used as support and drop further to ~8450, the 0.618 Fib.
Trade active
There you go :)Note
We have a small bullish divergence on the RSI (<45min + 1H Charts), I expect to move a bit higher first before we drop further.Trade closed: target reached
there goes the bounce higher, idea is invalid with a furtherdrop, we broke resistance
Related publications
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.
Related publications
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.