If it breaks $11849 I am long-scalping till somewhere like $12800 (shortterm) [Stop-loss $11536]
If it breaks out of this purple triangle to the downside, I will be short till $9948 at least (If this happens we could also see a little more accumulation happening between/below $9948 and $9600
Trade fermée: ordre d’arrêt atteint
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Commentaire
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It broke down of a smaller triangle inside the one of above, + some indicators showing little more strength to the downside.
Looks interesting, do you think we can touch the upper line of triangle before breaking downside?
UnknownUnicorn1430324
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@VincePrince, if it bounces of that line it will be a triple top rejection. So, than I would be looking for some downside movements from there.
In the meanwhile it first needs to break the upper red line to break up or the down purple line of the triangle to break down.
UnknownUnicorn1430324
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@Crypt0maniak, Well, if it breaks up above $11849 I expect it to go to that direction indeed. But I don't expect o catch the exact top, so it's best to put some limit orders around that area in my opinion.
UnknownUnicorn1430324
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Well, if it breaks up above $11849 I expect it to go to that direction indeed. But I don't expect o catch the exact top, so it's best to put some limit orders around that area in my opinion.