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Hanging Man candle has formed and a pretty big wick left on previous candle.
Price is inside a range.
Im thinking that it might drop to the 8.1K area but i doubt it
If we see another red candle as confirmation, it might drop further!
Short trade after neckline break.
Long trades if Monthly broken.
Price is testing resistance. A break in the trendline will allow the price to continue downwards. Expecting it to hit 3 places for targets. (Each arrow)
Short after retest flag lower break
Expecting price to test monthly once or twice, if it holds, long after break of TL.
Long or short depending on if it breaks the level.
Short after Neckline break
Short when price gets to red zone
Break of neckline to go short
Price was recently in a bearish channel and now is in a falling wedge with a strong bullish impulse. A bounce with good candles from the orange line adds fore probability to the upward move
H&S forming at monthly level adds to the downside move.
Break of the neckline is a short signal for me.