Currently, symmetrical triangle breakout move confirms the down trend as it has also made Lower Highs and Lower Lows (marked in red), which denotes change in trend.
MACD is also turns in negative as well as AO. - confirms downtrend too.
Therefore, due to above confirmation, I would recommend to short this one for the initial target for 2264 SL2450 and duration is 3-5 days.
MACD is also turns in negative as well as AO. - confirms downtrend too.
Therefore, due to above confirmation, I would recommend to short this one for the initial target for 2264 SL2450 and duration is 3-5 days.
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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.