good afternoon ~
es still looks kinda trappy to me.
4h hidden bearish divergence confirmed,
regular bearish divergence confirmed as well.
few other indicators i use are flashing a sell.
---
the recent break-down from the bear channel could have been a trap,
but i feel the trap isn't quite finished yet.
3550 is the 38.20% retracement (on log scale), when taking a measurement from ath to covid low.
this area will act like a magnet.
the question isn't if this level will get hit,
but rather when will it get it.
---
mostly cash, waiting for my level before jumping in o/
es still looks kinda trappy to me.
4h hidden bearish divergence confirmed,
regular bearish divergence confirmed as well.
few other indicators i use are flashing a sell.
---
the recent break-down from the bear channel could have been a trap,
but i feel the trap isn't quite finished yet.
3550 is the 38.20% retracement (on log scale), when taking a measurement from ath to covid low.
this area will act like a magnet.
the question isn't if this level will get hit,
but rather when will it get it.
---
mostly cash, waiting for my level before jumping in o/
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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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.