Currently hitting the trendline, it is breaks it and creates a bearish flag it is good to short. However if it bounces off it may be a quick long trade.
Trade active
It bounced from the trendline and will most likely be heading to test the upper trend line. Will be a good long trade.Note
Nevermind turns out I was correct and it broke the trendline, now just wait for a flag.Trade closed: target reached
Very nice clean trade to the downside.
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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.