Price may not create a new high
Price has been stretched away from 50 sma for awhile
Sell Stop @ 1.5655
Target Price @ 1.5575
Price has been stretched away from 50 sma for awhile
Sell Stop @ 1.5655
Target Price @ 1.5575
Note
Note
Price on 15m is hit sell stop. Watch a 5m chart for a break-hook-go confirmation or to see if B-H-G failed and price moved back above support level. That could indicate bearish timing was wrong or consolidation is coming.Note
Current 15m Break-Hook-Go developing for entry point on short trade
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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.