On weekly and daily the previous support has been broken. It has now become a resistance level. Therefore, we patiently waiting for the new resistance to be retested and thereafter enter a sell. There might be a retracement all the way to 12120 - 12130 range prior to entering a sell.
The short is also confirmed by the H&S pattern which is clearly visible on daily. Neckline to be retested.
Remember not to buy on a downtrend. Risky. Be patient. This week we looking for sells only.
Sell: 12120 - 12130 (range)
Take Profit: 11200
The short is also confirmed by the H&S pattern which is clearly visible on daily. Neckline to be retested.
Remember not to buy on a downtrend. Risky. Be patient. This week we looking for sells only.
Sell: 12120 - 12130 (range)
Take Profit: 11200
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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.