- Triangle (likely bear continuation)
Monthly and weekly volume favours bear
Final week of the month and we're above monthly 50 EMA by a small margin (a correction could close monthly red and bring us below 50 EMA; in turn acting as heavy resistance)
Long term short target 3.1-3.2k minimum for supply zone / potential double bottom reversal and monthly 50 SMA support.
1. 4k dead zone (within curved line) short target 3.5k
2. Re-short above 3.5k upon clear indication of bear continuation
3. Take profit and long 3.1-3.2k, see how market reacts before proceeding
I removed the tools and strategy's (long and short term) that helped me with my analysis for aesthetics.
This is not trading advice. I'm a noob... I just want to be able to look back on this and smile if all goes to plan :)