We currently have a Symmetrical Triangle formation printing on the 4HR TF.
We making Lower Highs and Higher Lows on a down trend.
Waiting for the 4hr close and seeing rejection around 11.9k/12k zone.
Will enter trade if we have a breakout out the triangle.
This is just my opinion.
As we know we currently in a bear market. Volatility is off the charts and anything can happen at anytime. Its up to us to manage our risk properly and look for the best opportunities available.
Patience is the name of the game.
Trade safe
We making Lower Highs and Higher Lows on a down trend.
Waiting for the 4hr close and seeing rejection around 11.9k/12k zone.
Will enter trade if we have a breakout out the triangle.
This is just my opinion.
As we know we currently in a bear market. Volatility is off the charts and anything can happen at anytime. Its up to us to manage our risk properly and look for the best opportunities available.
Patience is the name of the game.
Trade safe