BEAR THESIS
It is visible that every leg up there is consolidation before the big 2nd move upwards, where is that resistance? it is found that in both 3 legs( including the one not known if ended), is at 0.317 Fib , meaning that the top has to be 132.84.
Now to find true top we need to have unsustainable increase. Break of upper trendline and now come back to find support on it can give unsustainable increase (left shoulder with low volume). Sell when break of lower low and trendline. We can check this on trendline support or breakthrough
Now to find true top we need to have unsustainable increase. Break of upper trendline and now come back to find support on it can give unsustainable increase (left shoulder with low volume). Sell when break of lower low and trendline. We can check this on trendline support or breakthrough
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.