Potential selling opportunities
M formation created at the resistance area, sellers are getting ready to take the price lower to confirm a 3rd touch on a 4 hour timeframe grey rectangle. At the break of neckline of M formation looking to sell from there and possible adding more sell position as the price goes further lower. Let the price come to us before we react on sells.
Red stich represents 1% risk lose and green for profit margin about 15% but cannot hold that much.
Red stich represents 1% risk lose and green for profit margin about 15% but cannot hold that much.
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.