In the last idea, I outlined the levels and areas where it is already worth to gain short, the price has not reached 2 zone. After formed a head and shoulders that gave the signal for a correction. From whether a break of that line or rebound, I'm concerned about further movement. But I and the whole market in General is set to short positions. And judging by the situation, we are ready for descent
After breaking through this zone, I will enter the remaining 30% in a short position
Note
I would also like to say about the importance of this channel in the future. We're more likely to be moving on it this whole time. The movement can become more impulsive and break down this channel, but it will be a long signal in the scalping position. But most importantly, the breakdown of this channel will trigger a large upward correction and "attention" the beginning of a huge correction from December 2017. Its historical value cannot be overestimatedNote
naturally, everything becomes more active after the breakdown of the last support at this levelNote
SHORT SIGNAL IS ACTIVATEDNote
jewelry retest because RSI is oversoldNote
perhaps the formation of a small flag, so without panicNote
those who included in the position in my area, can move the stop to BreakevenTrade closed: stop reached
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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.