Classic rising wedge. 90% of wedge breaks downside.
Yesterdays speech with expected popup is down to gutters.
I expect a slow fall towards 1223 which is crucial support at 0.5 fib.
Whereas upside is limited to 1248 - 1250.
This provides best Risk-Reward ratio.
Note: I am long from 1205 as well
Yesterdays speech with expected popup is down to gutters.
I expect a slow fall towards 1223 which is crucial support at 0.5 fib.
Whereas upside is limited to 1248 - 1250.
This provides best Risk-Reward ratio.
Note: I am long from 1205 as well
Trade active
Scalp Short 1244Expected 1223
Trade closed manually
Touched 1234.5Closed Short at 1236.55
Note
Looking for another Short entry if test of 45 fails.clear break 45 leads to near term resistance 48-51 zone and then towards channel top 1260
s3.amazonaws.com/tradingview/snapshots/l/L7z4FW90.png
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With this Momentum. Breaking the wedge upside may enters the bullish zone. Next takeout will be 1251-52 Resistance Zones3.amazonaws.com/tradingview/snapshots/v/vu5Lg3FK.png
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We have breakoutlet see if it clears 1248.5 resistance
s3.amazonaws.com/tradingview/snapshots/l/lzyQJk4i_thumb.png
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oops hazy charts3.amazonaws.com/tradingview/snapshots/t/tzkLPe7S.png
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Clears first resistance 1248.72.Next 1252.29
Note
Wont be updating this anymore. Pls look at this chart Ideas for broader TF. Thanks
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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.