Reasons:
- Descending wedge which is a reversal pattern, and now the price is close to the end of the wedge: decision time
- A morning star reversal candlestick pattern is formed on the bottom of the wedge
This is highly speculative position
*This is only how we interpret the market.
- Descending wedge which is a reversal pattern, and now the price is close to the end of the wedge: decision time
- A morning star reversal candlestick pattern is formed on the bottom of the wedge
This is highly speculative position
*This is only how we interpret the market.
Note
We closed the position today (Jan 24th) at $1,570
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.