Downtrend
Scenario 1. Reverse Head Shoulder Neckline
Recent trend lines overlapping from falling wedge creates strong support point 2
This pointw as also CME gap.
With enough volume, good long entry as reverse head shoulder neckline.
Entry 18.1K - 18.4K
Scenario 2. Narrow Rising Wedge
If this marks the arrival of Point 4,
gradually hit Point 5,
then come down to 19.8K.
Entry 19.8K
Current Position
Long 17.7K
Short 24.8K
Scenario 1. Reverse Head Shoulder Neckline
Recent trend lines overlapping from falling wedge creates strong support point 2
This pointw as also CME gap.
With enough volume, good long entry as reverse head shoulder neckline.
Entry 18.1K - 18.4K
Scenario 2. Narrow Rising Wedge
If this marks the arrival of Point 4,
gradually hit Point 5,
then come down to 19.8K.
Entry 19.8K
Current Position
Long 17.7K
Short 24.8K