EQR breaking down below trendline from probable 3 wave continuation pattern here and printed a H&S where right shoulder is probably a wave 2.
Previous collapse was a solid 23% collapse and if correct this should another collapse similar in ratio down to around $60.
Could re-test resistance low or perhaps the diagonal trendline.
Stop above right shoulder.
Not advice.
Previous collapse was a solid 23% collapse and if correct this should another collapse similar in ratio down to around $60.
Could re-test resistance low or perhaps the diagonal trendline.
Stop above right shoulder.
Not advice.
Note
Looks like a bounce is coming and a great opportunity potentially to have much tighter stop area from either trendline.Note
I have covered for small profit. Will look again depending on index gap fill.
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.