Looks like it double tested the top of the descending channel (or should I call it megaphone?)
Any way, we have seen this kind of structure several times in the last year:
It looks ready to drop all the way down to 23k
Selling with tight SL and crazy R/R ratio.
Any way, we have seen this kind of structure several times in the last year:
It looks ready to drop all the way down to 23k
Selling with tight SL and crazy R/R ratio.
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Paying attention to this formation, probably a new high inside the wedge:
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Fasten you seat belts:
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Price broke out the red wedge which is a bearish sign. I am considering a retrace to 33,5k where I will move SL to breakeven. I think we can still see more bullish movements during the first 3 months of the year, this is why I am considering this idea as well:
