Short

Updated

keep shorting

even though rsi says otherwise, no signs of reversal here. in fact, volume is decreasing at each dip. it would be suicide to go long here.

even the height of the flags are similar. tp to this year's low is still in sight.

Note

snapshot

linear scale seems to be the next support around 6800ish.

Note

*linear support not scale

Note

to add to the first idea, every drop after bear flag seems to be around 6 percent. so next drop should be around 7400s.

Trade closed: target reached

enough profit.

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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.