Price was moving in white channel last night and broke into yellow Bear Flag pattern.
This provided time for price to balance on the way down without shock.
It also provides time for 10WeekMA to come up and meet price. Price goes below this red zigzag line and we continue down based on past history.
Indicators
RSI Trend line will be shown in Part 2 of 2
Next trend on 1HR view is Bearish. We continue down IMO today or by end of week.
Yes - I see the "possible" trade news on China today.
No - I do not believe it after "we have deal" , "no we don't", "not until elections", "no wait we have a deal again".
My position will change when the chart bearish pattern completes OR if the pattern fails. We are still in play.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY and AAPL.
This provided time for price to balance on the way down without shock.
It also provides time for 10WeekMA to come up and meet price. Price goes below this red zigzag line and we continue down based on past history.
Indicators
RSI Trend line will be shown in Part 2 of 2
Next trend on 1HR view is Bearish. We continue down IMO today or by end of week.
Yes - I see the "possible" trade news on China today.
No - I do not believe it after "we have deal" , "no we don't", "not until elections", "no wait we have a deal again".
My position will change when the chart bearish pattern completes OR if the pattern fails. We are still in play.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY and AAPL.