MACRO DUMP INCOMING
Daily Chart TA
We are right now sitting on Descending Triangle support box ( Green Colour Flat bottom).
Daily RSI and MACD is bearish and recently broke RSI support as well.
Descending Triangles are known for bearish continuation patterns.
So on a short term. If we hold this support. and make a daily reversal candle possible another lower high.
Resistance levels : 9656-9880-10040-10556> you just name IT. So much Resistance cluster on our head. Need extreme volume to break all of them.
Right now so much weakness . I have TPED partially as per shared targets 40% of my Shorts. Remaining i am holding SL at break-even. I will eventually load more in the top of the channel.
4H indicators are oversold. so need to retest . pull back is expected.
We are right now sitting on Descending Triangle support box ( Green Colour Flat bottom).
Daily RSI and MACD is bearish and recently broke RSI support as well.
Descending Triangles are known for bearish continuation patterns.
So on a short term. If we hold this support. and make a daily reversal candle possible another lower high.
Resistance levels : 9656-9880-10040-10556> you just name IT. So much Resistance cluster on our head. Need extreme volume to break all of them.
Right now so much weakness . I have TPED partially as per shared targets 40% of my Shorts. Remaining i am holding SL at break-even. I will eventually load more in the top of the channel.
4H indicators are oversold. so need to retest . pull back is expected.
Penafian
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