US Wall St 30Short
Counter Trend Opportunity
Hello Traders
I see overall direction as up after price violated the downtrend for the first time in a very long time. Today's price
action was creating structure high. At the moment as you can see price is at resistance and when we have an
uptrend we buy at HL. This is an opportunity for counter trend traders to take shorts confirmation on lower timeframes
as we look for evidence of rejection on this timeframe.
NB: Use your analysis to confirm the setup.
I see overall direction as up after price violated the downtrend for the first time in a very long time. Today's price
action was creating structure high. At the moment as you can see price is at resistance and when we have an
uptrend we buy at HL. This is an opportunity for counter trend traders to take shorts confirmation on lower timeframes
as we look for evidence of rejection on this timeframe.
NB: Use your analysis to confirm the setup.
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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.