Use caution on longs - at edge of bearish pitchfork and S/R
Intraday bias is to be skeptical of bullish moves and more looking for range contraction and then reversal back south. It's coming into a lot of prior support areas which will tend to act as resistance now.
Also at the pitchfork edge which is a great area to find head and shoulders patterns to short. I will be keeping my eye on this to find a right shoulder.
Also at the pitchfork edge which is a great area to find head and shoulders patterns to short. I will be keeping my eye on this to find a right shoulder.
Nota
Brexit news causing new price action so it's not all technical. Not a good idea to blindly buy or short here. Plan is to wait for right shoulder and if it doesn't appear to not do anything.Nota
Day candles actually curling up like a parabolic blow off so I would be even more aggressive about ratcheting up stops if I were long (which I'm not). Somewhat expecting this to reverse back like an Eiffel tower like it has many times before on this chart. Main thing is to not be too early because the bulls are very much in control.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.