Is that a bear flag...
...or what?
Last time rejected perfectly off the 50%, now possible retest but what I see is a text book bear flag.
I'm not entering any longs for now. Quick scalps possible however with minimum exposure and tight stops IMHO (but hey, thats just my oppinion)
I will be waiting for rejections at either retest of 0.5 or 0.382 which can potentially align with the top of the flag....
Will get us to 1800ish...
Similar picture on BTC and many others
DYOR
Last time rejected perfectly off the 50%, now possible retest but what I see is a text book bear flag.
I'm not entering any longs for now. Quick scalps possible however with minimum exposure and tight stops IMHO (but hey, thats just my oppinion)
I will be waiting for rejections at either retest of 0.5 or 0.382 which can potentially align with the top of the flag....
Will get us to 1800ish...
Similar picture on BTC and many others
DYOR
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