Please support this idea with LIKE if you find it useful.
Two sell zones worked out and we broke the Channel's support level. Also the support turned into resistance and the price was already rejected by the one. We can continue shorting it.
In case price makes a retracement we can initiate a short position if there is a confirmed rejection of the Horizontal Resistance (previously Channel's support)
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Two sell zones worked out and we broke the Channel's support level. Also the support turned into resistance and the price was already rejected by the one. We can continue shorting it.
In case price makes a retracement we can initiate a short position if there is a confirmed rejection of the Horizontal Resistance (previously Channel's support)
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.