We had a nice bounce off of the 50% Fib Retracement level and are in an ascending wedge.
Where are the natural tops of this wedge?
I would propose either of these red dashed resistance vectors could trigger a reversal. (or maybe it just former at the close?)
This reversal is potentially going to lead to a bigger drop, as our bearish channels are progressively steeper.
I'll be watching for the Turquoise support vector to give way as a confirmation of direction change.
Don't forget your stop losses!
Where are the natural tops of this wedge?
I would propose either of these red dashed resistance vectors could trigger a reversal. (or maybe it just former at the close?)
This reversal is potentially going to lead to a bigger drop, as our bearish channels are progressively steeper.
I'll be watching for the Turquoise support vector to give way as a confirmation of direction change.
Don't forget your stop losses!
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.