Folks, this short is NOT a CERTAINTY, but the R/R is there IF you use stops in the 6.69 / 6.82 region.
I've also labeled a possible Leading Diagonal in pink. IF price goes over 6.82 to new local highs, THEN probability shifts in favor of a more meaningful bottom, though not necessarily THE BOTTOM...
CAPITAL PRESERVATION is PARAMOUNT
I've also labeled a possible Leading Diagonal in pink. IF price goes over 6.82 to new local highs, THEN probability shifts in favor of a more meaningful bottom, though not necessarily THE BOTTOM...
CAPITAL PRESERVATION is PARAMOUNT
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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.