1 month consolidating triangle looks like its ending. 3rd touch of lower trend line
Zooming out , price has made 4 peaks since April, unable to go higher.
Price below 20/50 MA and aiming down
TP - May lows 155
Zooming out , price has made 4 peaks since April, unable to go higher.
Price below 20/50 MA and aiming down
TP - May lows 155
Trade closed manually
I was anticipating a break down from the lower trend line. Price bounced
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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.