Shorting in the channel for some pips We can see that the up move was a ascending wedge that got broken
For now i'm neutral it is not enough to enter short imo
Pullback on that uptrand break, aiming at least the lower side of the range
- See M1 - it is the 2nd time we bonce of the STO resistance, the price is stalling for now - Good risk/reward ratio
- TRAN index is bearish - Nice opportunity to short with a good risk/reward ratio and a strong resistance on both price and RSI
With such strong support broken, i expect some more from this move
Riding on the bubble - stop at 81 should be enough for this try
Looking for a topping figure after a break on that STO & RSI
I'm looking for a short on that one because i'm very bearish on M1 so i'm observing what will happens with this triangle babe on the STO
- Break in the RSI Ascending Wedge=> Pullback on the RSI wedge - STO bounced back on a resistance
It is a bit late to enter though...may be a good try if a lower TF gives a good bounce of a resistance
Ascending Wedge => Downside Breakout => Pullback (finished) => Seems like a good place to short