This ranging wedge formation has a clear level of support/resistance running through the middle of it; we've just received a Sell signal from CTv2 after a rejection on the upper edge.
Are we going to see a huge 20% Short coming off here all the way to the lower support edges, or will this SR band prove to be too strong?
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We travelled back up to the trend line for a quick rejection - are we now descending??
What do you think?
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Got a good decline in price to earn some healthy profits with this Short.
We're now sat on support, can we break to the downside and reach that lower trend line?
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#ATOM Broke through that layer of support and almost hit the lower trend line before ascending back up through the SR level.