Getting in short at 153.15 in hopes of a head and shoulders pattern playing out.
Reasons for bias:
EMA squeeze and bounce
Bearish stochastic
Possible head and shoulders pattern
Rejection of 0.786 fib level
Recent downtrend after a rejection of strong resistance at 156
Reasons for bias:
EMA squeeze and bounce
Bearish stochastic
Possible head and shoulders pattern
Rejection of 0.786 fib level
Recent downtrend after a rejection of strong resistance at 156
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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.