CFG ranging at the lows. We are oversold and seem to be making large falling wedge formation.
For bullrun we need to bounce asap above last S/R range. Do this and we will get a run to top of wedge formation where we can get rejected. If we breakout and hold above wedge formation then expect strong push leading to test of ATH range.
For bullrun we need to bounce asap above last S/R range. Do this and we will get a run to top of wedge formation where we can get rejected. If we breakout and hold above wedge formation then expect strong push leading to test of ATH range.
Note
We got the bounce and run to top of wedge formation as expected and there we got very strong rejection. Chances of breakout after such a rejection are slim. Bull now only if we manage to clim back to diagonal resistance line and flip it into support. Any move bellow current ATL opens rugpull scenario...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.