TSX high volume + High risk short
Updated
Daily high volume at the top of the resistance line
Not high volume on break of resistance line
Trend still bounce between support and resistance lines
However oil is super strong which could be bullish for TSX
Fed decision this coming Wednesday
High risk: Short to support line
or wait to evaluate next week
HXD or HXU
Not high volume on break of resistance line
Trend still bounce between support and resistance lines
However oil is super strong which could be bullish for TSX
Fed decision this coming Wednesday
High risk: Short to support line
or wait to evaluate next week
HXD or HXU
Trade active
Already took short positions last FridayTrade closed: target reached
Took profits at support trendline. Thinking it will break as US10Y broke its October 2022 high.
Playing safe until seeing evidence of a trendline break
Note
Direction down because US10YEntry1 19 900
Entry2 20 200 at gap
TP1 at 50 month EMA
TP2 Technical price target bear flag
Note
TP2: 100 month EMA + SMA + Bottom monthly green ichimoku cloudNote
Break of trendlinePotential double bottom.
Let's see how the week closes
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