Triangle Squeeze To Produce Spring
Looking for the triangle to squeeze down and for price to break lower and tag the 4400 region which is a target area for wyckoff style springs. Short intraday bias.
This is an accumulation area but it needs to test lower prices and fail before the bears can be convinced to give up.
This is an accumulation area but it needs to test lower prices and fail before the bears can be convinced to give up.
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Looking for short in red boxNote
Narrowing in on shorting regionNote
Maybe right shoulder on tag of open areaNote
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It's just acting strange. Came to level but too much momentum up. Note
It's just a flat range around the open. Watching for the red box.Note
Looking like it might be working on making a spring, would consider shorting on a tag of the open instead of tag on the day high.Note
1.618 extension of initial retrace comes exactly to open so will accept a tag there as an entry zone short.Note
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Publications connexes
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.