Market is being going through a roller coaster due to this guy!
its currently being absorbing heavy liquidity below 165, tomorrows close is vital.
pros.
small timeframes flipping bullish 1hr and below
making a small falling wedge
possible double bottom pattern
most negatives are being priced in
cons.
trading below 200DMA
previous support at 170 (descending triangle) will act like hard resistance
if you are longing make sure to DCA and buy in portions
its currently being absorbing heavy liquidity below 165, tomorrows close is vital.
pros.
small timeframes flipping bullish 1hr and below
making a small falling wedge
possible double bottom pattern
most negatives are being priced in
cons.
trading below 200DMA
previous support at 170 (descending triangle) will act like hard resistance
if you are longing make sure to DCA and buy in portions
Trade active
falling wedge broke upwards, 4hrly RSI bearish retest nullified, Double bottom checked!
however close above 175 is vital for a flip and 200DMA!!!!!!!!!!!!!
Trade active
nothing much to update.. Overhanging 200dma is a bitch!
and not to mention previous support of descending triangle. breaking above these two will confirm the up trend of counter.. to say a number 178 will be it.
Note
Nothing much to update overhanging 200DMA, and descending triangle support working still as resistance. But as a fact more and more a support or resistance being tested, they become weak. Candle close above 178 is a must for counter to flip.
Trade active
AND its done 200dma done, and 178 dusted candle closed above 181.25 !!
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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.