If we zoom out and look at 1inch from the higher timeframe, we can se that price is within a flat correction . We saw a double top and we are moving down. Looking for price to come down to the double bottom area so we are looking for any shorting opportunities.
Price may still test the falling wedge resistance and complete wave D fully before moving down. Our target is the double bottom area.
Price may still test the falling wedge resistance and complete wave D fully before moving down. Our target is the double bottom area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.