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We might have a rejection of the 50 MA or of the higher boundary of the Descending Channel. If the rejection confirmed we can initiate a short position.
If we break the Channel to upward then setup will be invalidated
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
We might have a rejection of the 50 MA or of the higher boundary of the Descending Channel. If the rejection confirmed we can initiate a short position.
If we break the Channel to upward then setup will be invalidated
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.