i believe it could be long or short depending on what thats plays out
I am initiating Short if: . Breaks wedge downwards . making a double top . breaks the 1 day trend line (yellow) heading back towards the bottom of the channel .breaks the RSI trend line heading for the bottom . breaks the pivot point which is located on one day trend line (yellow)
I am initiating Buy if: . Stays above pivot . Breaks R1 pivot and ascending wedge for a blow out . bounces off of RSI Trend line
Trade with caution it is never 100% correct
If anyone thinks otherwise or has other ideas and criticism please go ahead i am open to all of it and willing to learn as i am new to trading hope this goes as planned like my other idea i posted which turned out very successful
Thanks Lewis
Nota
TP1 Hit
Nota
Using top of wedge as a resistance at the moment lets what and see if it bounces
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