Before we jump into any conclusions, I want to stress this out: IF we respect this trading range and IF we do not make any decisive lows (below 5600 max), this bottom could be similar to April's one. Absolutely do not @ me
There is a big falling wedge forming that I am watching also that can take us to 5400-5500 (for those who prefer classical charting)
There is a big falling wedge forming that I am watching also that can take us to 5400-5500 (for those who prefer classical charting)
註釋
So far so good, following the fractal. Keep an eye on OBVOSC, it mimics April bottom very well. Should we follow this fractal, price won't dump for a while, so keep that in mind if you want to hedge short it. Also, if you didn't entered any longs yet - you might want to wait as well since price will most likely come back to at least 0.5 of the trading range to form spring/ST (might even retest lows if thats spring). So, do not fomo right now in position註釋
this scalp short was posted in another idea of mineEdward Morra
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Edward Morra
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