Short
Highly bearish
I might stay up tonight to watch for a short on this.
I had a script fire off a bearish momentum signal and it's coming into a bounce point at the POC while also at a fib region to complete a 5 wave impulse.
Will be watching for double top type price action to get short on this with a long term target around 1.28
I had a script fire off a bearish momentum signal and it's coming into a bounce point at the POC while also at a fib region to complete a 5 wave impulse.
Will be watching for double top type price action to get short on this with a long term target around 1.28
Note
Didn't stay up over night and it also didn't quite make it to the POC but it is dropping some. Kind of neutral right now, would like to see it touch the POC before entering a trade.Note
Has now tagged the POC and could stall out at the swing high. The B point would be a good short. Could also look for a riskier short by fading the end of the 5 wave impulse if volume starts to dry up.
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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.