ImaginaryQuant

Bearish Pennant 24HR TF

Short
BYBIT:ETHUSDT   ETHUSDT SPOT
Bearish Pennant forming RSI peaking at 50 before news from Fed regarding Job Opening/Manufacturing PMI reports looking at negative inflation reports. Fed Meeting minutes at 2:00PM gives more insight into monetary policy and rate hike forecasts. Labour market strong but might be forced into an Fed induced recession.

Looking for steep correction to recent price action my TP @ 1000$ per ETH.


High volatility expected.
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