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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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.