Hmmmm, it did form an ascending wedge, my guess is that this should crash down, not sure when. We can easily see that it did break its support causing it to become the new resistance. My guess is that it will try to make a final push towards its new resistance and than shoot right back down. Maybe now would be a good time to try to long this trade and transition into shorting it for a solid day. We will see at the end of the day it is all probability right?
~JS
~JS
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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.