Big 6.23RR short entry prediction
Price broke the trendline with a lot of aggression, and the price has faded from its upward momentum.
Looking for a "perfect" entry if it tries to retest for a second time the blue trendline.
Taking it all the way down to the next area where there will be a lot of buyers.
Here is the trade from the Daily:
It might just continue upwards, but if it breaks the red trendline, there will be aggressive shorts entering the market.
Looking for a "perfect" entry if it tries to retest for a second time the blue trendline.
Taking it all the way down to the next area where there will be a lot of buyers.
Here is the trade from the Daily:
It might just continue upwards, but if it breaks the red trendline, there will be aggressive shorts entering the market.
Note
Here I am showing how the bullish pennant (triangle) has broken upwards but is being reluctant from continuing its upward momentum (because it went after in a consolidation phase).Trade closed: stop reached
The horizontal support turned out to be stronger than I thought
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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.