4 hour chart is showing an ascending wedge within the daily chart showing a descending triangle.
profit target of wedge width is the support for triangle.
look for reversal at support of balance of power line on volume analysis on the previous run up.
good time to short right now.
thought??
profit target of wedge width is the support for triangle.
look for reversal at support of balance of power line on volume analysis on the previous run up.
good time to short right now.
thought??
Note
NO death cross on 4 hour, looks like golden cross but still looking for break lower
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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.