Long Term Sell , short term Pullback
Price is in distributing phase, Expecting a Major Longterm reversal to the downside for the next year at least
Note* Before entering, expect a retrace on the smaller time frames, before it continues to drop, and ride the wave down
- Once price breaks the trendline also known as "jump the creek" we are looking for the 200 and 50 EMA cross,
once they cross that will be a strong confirmation of a trend reversal, enter on the retest of the trendline where it
"jumped the creek"
-Tripple Top
-Strong Supply/Confluence Zone
-Divergence on the Daily
------Happy Trading------
Note* Before entering, expect a retrace on the smaller time frames, before it continues to drop, and ride the wave down
- Once price breaks the trendline also known as "jump the creek" we are looking for the 200 and 50 EMA cross,
once they cross that will be a strong confirmation of a trend reversal, enter on the retest of the trendline where it
"jumped the creek"
-Tripple Top
-Strong Supply/Confluence Zone
-Divergence on the Daily
------Happy Trading------
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