This is a perfect short at the perfect timing at the perfect price action.
We can see the daily is making a double top, the 4h- chart is showing us a very very steep wedge, combined with multiple bearish divergences. These can kick in anytime.
The daily chart also shows the daily channel median is acting as a resistance at this level too.
We will short untill the daily channel support is touched.
We can see the daily is making a double top, the 4h- chart is showing us a very very steep wedge, combined with multiple bearish divergences. These can kick in anytime.
The daily chart also shows the daily channel median is acting as a resistance at this level too.
We will short untill the daily channel support is touched.
Comment:
Everything stable and under control
Comment:
Everything stable
Comment:
Waiting for a real plunge:
Comment:
142 can become support (short term)
Comment:
As we stated earlier 142 became a short term support:
Comment:
Cheers
Trade closed: target reached