On higher TF (Monthly and Weekly) price is in correction phase after previous massive rally.
On Daily TF, u can see a rising wedge pattern which potentially indicate a bearish movement
On 4 & 3 Hours TF u can see a breakout of Daily/Weekly trendline. Would love to see a clear correction structure before taking a short position
* Key is to wait for price action and structure
On Daily TF, u can see a rising wedge pattern which potentially indicate a bearish movement
On 4 & 3 Hours TF u can see a breakout of Daily/Weekly trendline. Would love to see a clear correction structure before taking a short position
* Key is to wait for price action and structure
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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.
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.