This is what I'm seeing. Up, or down and then up. What do you think?
Order cancelled
The "up" pathway played out, breaking above the downward sloping trendline. However, there was not big volume on the breakout which was a dead giveaway that a bull trap was in play. At this point I would expect a small dip to $117k followed by a much larger one that should stop somewhere in the red box.
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.
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.