Got caught looking bullish yesterday and wasn't able to fully analyse the situation before the bear break. Div entry was valid though and should have been an official trade.
On the positive side the 1D TL/wedge has been moved to BOD status and is confirmed for further tightening, so either low side Div or sit in the pocket until we approach the top side again.
On the positive side the 1D TL/wedge has been moved to BOD status and is confirmed for further tightening, so either low side Div or sit in the pocket until we approach the top side again.
Note
Retest of the ascending TL is an objective short. Thesis based on a movement back down for further tightening, stop above the recent high.
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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.