Hello fellow gamblers,
Both scenarios that we are watching are still valid and as price approaches a confirmation level, we do gotta be aware possible fakouts as we trade inside a flag/wedge pattern.
- A rejection of 3408 could drive us towards the other end of the pattern and a possible break to the downside.
- If we do have a rejection, I will be watching for price to find support at 3370 for my bullish bias.
- Levels to watch: 3408, 3346, 3283
Both scenarios that we are watching are still valid and as price approaches a confirmation level, we do gotta be aware possible fakouts as we trade inside a flag/wedge pattern.
- A rejection of 3408 could drive us towards the other end of the pattern and a possible break to the downside.
- If we do have a rejection, I will be watching for price to find support at 3370 for my bullish bias.
- Levels to watch: 3408, 3346, 3283
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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.