Classic rising wedge. 90% of wedge breaks downside.
Yesterdays speech with expected popup is down to gutters.
I expect a slow fall towards 1223 which is crucial support at 0.5 fib.
Whereas upside is limited to 1248 - 1250.
This provides best Risk-Reward ratio.
Note: I am long from 1205 as well
Yesterdays speech with expected popup is down to gutters.
I expect a slow fall towards 1223 which is crucial support at 0.5 fib.
Whereas upside is limited to 1248 - 1250.
This provides best Risk-Reward ratio.
Note: I am long from 1205 as well
Trade active:
Scalp Short 1244
Expected 1223
Expected 1223
Trade closed manually:
Touched 1234.5
Closed Short at 1236.55
Closed Short at 1236.55
Comment:
With this Momentum. Breaking the wedge upside may enters the bullish zone. Next takeout will be 1251-52 Resistance Zone
s3.amazonaws.com/tra...shots/v/vu5Lg3FK.png
s3.amazonaws.com/tra...shots/v/vu5Lg3FK.png
Comment:
Comment:
oops hazy chart
s3.amazonaws.com/tra...shots/t/tzkLPe7S.png
s3.amazonaws.com/tra...shots/t/tzkLPe7S.png
Comment:
Clears first resistance 1248.72.
Next 1252.29
Next 1252.29
Comment:
Wont be updating this anymore. Pls look at this chart Ideas for broader TF. Thanks
clear break 45 leads to near term resistance 48-51 zone and then towards channel top 1260
s3.amazonaws.com/tra...shots/l/L7z4FW90.png