I feel that we are in a better position now to suggest an idea.
The DC topping $ 45,500 and the level where we broke out $ 41,500 is useful. The stochastic is negative slightly
Strategy SELL $ 43,800-44,250 for a move to $ 42,250 take profit level and place stop-loss $ 45,750 for now.
as a note: the shape may look a little like a false bull flag, but is somewhat stretched out. However, it shows a sign that we may be topping near-term.
The DC topping $ 45,500 and the level where we broke out $ 41,500 is useful. The stochastic is negative slightly
Strategy SELL $ 43,800-44,250 for a move to $ 42,250 take profit level and place stop-loss $ 45,750 for now.
as a note: the shape may look a little like a false bull flag, but is somewhat stretched out. However, it shows a sign that we may be topping near-term.
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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.