Defensive triangle yet again
Atualizado
Entry 1972/1969 finally happened after a high liquidity grab on early sellers. This was a bull trap as later their SL go taken out. Every floor opportunity we see buyers trying luck.
If the previous Friday was a wick fill to snatch more orders and confused buyers as no bottom Has set in as of yet.(wick confirmation with reversal at support).
I'd expect another case of that between 1950/1940.60
There is another high 1970 can be seen in price manipulation, this will obviously involve news to boost it like that.
Anything swung below 1946/40.2 is a sell indication Especially with a bearish engulfing close.
Targets
=1905/1885/73
1843/1792
Extensive 1725
lastly 1617. 💪🐻
If we play patterns the SL just get more ridiculous. 2079/81.80 SL for bears
Buys SL 1885/1935
I'm expecting something in this coming two weeks
If the previous Friday was a wick fill to snatch more orders and confused buyers as no bottom Has set in as of yet.(wick confirmation with reversal at support).
I'd expect another case of that between 1950/1940.60
There is another high 1970 can be seen in price manipulation, this will obviously involve news to boost it like that.
Anything swung below 1946/40.2 is a sell indication Especially with a bearish engulfing close.
Targets
=1905/1885/73
1843/1792
Extensive 1725
lastly 1617. 💪🐻
If we play patterns the SL just get more ridiculous. 2079/81.80 SL for bears
Buys SL 1885/1935
I'm expecting something in this coming two weeks
Trade ativo
1948 shouldn't break as it guards 1950.1942is trail SL this breaks we in a longer consolidation but overall in oversold/bearish zones we can expect 1931/1900 near term we looking to hold this for a month or three.
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