we have seen the trend line rejected multiple times before. likely to repeat and reverse for a short opportunity.
very new to trading so may be wrong
any advice is appreciated
good luck trading!!!
we may see a short term uptrend soon. enter with confirmation and give trade room to breathe as it needs to get past a few levels which may cause for small exhaustion phases possibly stopping you out with a trailing stop,
im a very new trader so maybe wrong.
any advice is appreciated!!!
GOOD LUCK TRADING!!!
VERY CLEAR HEAD AND SHOULDERS FORMATION WITH THE RECENT FIB RETRACE REJECTION FOR CONFIRMATION. AS OF CURRENT THERE HAS BEEN A UPTREND UNTIL NOW WHERE WE HAVE A LARGE DOWNWARD PUSH.
LONG TERM TARGET OF 2800.
IM A VERY NEW TRADER AND PROBABLY WRONG.
AND ADVICE IS APPRECIATED
GOOD LUCK TRADING!!!!
THE 38.2% FIB LEVEL AND RECENT SUPPORT ALIGN SUGGESTING THE STRENGTH OF THE LEVEL TO BE ENOUGH FOR A REVERSAL.
THIS IS PROBABLY WRONG SO DONT THINK TO MUCH OF IT.
IM A VERY NEW TRADER JUST DOCUMENTING MY PROGRESS.
THANKS FOR LOOKING, ANY ADVICE IS APPRECIATED THANKS.
AFTER RECENT DOUBLE TOP, IT IS UNLIKELY TO SEE A RETEST - OR EVEN NEAR FUTURE BULLISH PRESSURE, AS DATA SEEN FROM A PREVIOUS REJECTION OF THAT LEVEL SHOWS A STEEP DECLINE WITH MINOR EXHAUSTION PHASES.HISTORY COULD REPEAT ITS SELF?
PROBABLY WRONG JUST WANT TO TRACK MY ANALYSIS. VERY NEW TRADER,