We are in this downwards move from the top and when the fractal level is broken the short position (red line) will be extended.
A first attempt took place but didn’t closed below, but some resistance is what can be expected at this level.
Note: when/if it breaks, a short free fall could follow.
A first attempt took place but didn’t closed below, but some resistance is what can be expected at this level.
Note: when/if it breaks, a short free fall could follow.
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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.