Correcting outside a rising wedge ..
Possible bear channel formed
Next stop 290.
Stop loss over 306 stop
Possible bear channel formed
Next stop 290.
Stop loss over 306 stop
Note
Place a stop on your shorts at the open.. If the market rebounds the next two days, this won't go down.. still bearish under 306Note
Candle poking outside channel..Price is right up against 50sma at 302..
I'm bearish here below 306.
If you short here at 302 keep a stop at 305.
The best short entry though is any drop below 296 again. Target 282
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.