trade at your own risk
Order cancelled:
pattern invalidated
Trade active:
breakout to downside confirms target
Comment:
Comment:
bullish divergence on RSI and MACD suggest a movement to around the bottom of the bear flag trendline. should provide a good opportunity to build short positions.
Comment:
change of situation as outlined in my last update:
bearish flag here should see a small bounce to $8.3k before a breakdown to $7.1k area (assuming the bottom of the flag breaks, which it should)
bearish flag here should see a small bounce to $8.3k before a breakdown to $7.1k area (assuming the bottom of the flag breaks, which it should)
Trade closed manually:
the potential for a bullish reversal at this point cannot be excluded, and there are a number of possibly bullish formations on the chart now. will update with a new chart once it becomes more clear.
however, I do not recommend trading this market at this time. do NOT trade unconfirmed patterns during an extremely iffy market like this.