1. Slight bounce from demand zone
2. Formed a rising wedge and a break down occured, however buying pressure remains consistent.
3. If we were to open a short, would prefer to see the price lose below the mini demand structure.
4. If closes higher above the wedge, we can look to long.
*I am more long biased, given how the breakdown of the wedge was quite weak.
2. Formed a rising wedge and a break down occured, however buying pressure remains consistent.
3. If we were to open a short, would prefer to see the price lose below the mini demand structure.
4. If closes higher above the wedge, we can look to long.
*I am more long biased, given how the breakdown of the wedge was quite weak.
Comment:
Seems like breakdown of bear flag failing. Enter long with a small position