Another Great rising wedge reversal / bear flag! Set your TP and Stops. Highly manipulated marked, be aware!
(TP may be far down, so you may prefer "trailing stops" / editing you stops when market is calm and working
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*"market"! (i hurried to bring you this)
Notice the high volume crashing. Low volume rising. Confirms downtrend
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Notice the tiny second peak. Similar to the fake breakout on Mai 17.
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mai 17:
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if you are long, set your stopps. Cashout. Dont say you weren't warned. If you desire to throw around money and play with it. There are way more ethical, profitable and or charitable ways. While this may be the opposite, if you lose, you maybe never know what will be done with your money.
@fineregex, tradeview needs to come up with something being historically correct but also tidy/edit/delete comments
cyberholz
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@fineregex, So you seem to have adjusted your bearish outlook somewhat?
fineregex
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@cyberholz, no, i just didnt mean to have this picture twice:D There should be a way to grey it out. Or vote for deletion of this comment or anything. have a good night or day
cyberholz
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@fineregex, No, was referring to your rising wedge reversal comment.
fineregex
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@cyberholz, sorry. Yes, sure, new data enabled me to draw another wedge. Bearish rising wedge is typically assumed to have a steeper lower trendline than the upper one.
cyberholz
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@fineregex, If you'd have to hedge, where you see the bottom?
fineregex
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@cyberholz, so maybe it will help someone zoomed in the 3m chart
klens
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@fineregex, nice analysis there man. If someone looking to go in long term, would this be a safe entry?