Short
Symetrical triangle after sharp drop... means continuation?
In a couple or dozen hours we will most likely have a market decision.
Symmetrical triangle are known for beeing generally continuation pattern after a sharp drop like this. Otherwise it's a consolidation... for a range/upward move. If we apply the AB=CD on that last move. We are eyeing a new low post december bubble burst ($320) who could be a strong support afterwhile.
My take is short <2400 CNY, Close AND then LONG 1980 CNY for a drastic move upward (+15%) if you got filled.
Place your short, ask, bids and fireworks according to.
edit: syMMetrical
Symmetrical triangle are known for beeing generally continuation pattern after a sharp drop like this. Otherwise it's a consolidation... for a range/upward move. If we apply the AB=CD on that last move. We are eyeing a new low post december bubble burst ($320) who could be a strong support afterwhile.
My take is short <2400 CNY, Close AND then LONG 1980 CNY for a drastic move upward (+15%) if you got filled.
Place your short, ask, bids and fireworks according to.
edit: syMMetrical
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.