*** Disclaimer - I am relatively new to TA ***
Moving averages and stochastics are showing bearish signals on the 4 HR . We're in a large descending triangle . Inside that, we're also seeing an upwards broadening wedge play out. I think we're going to break lower to the support around $11.50. This would be a great buying opportunity. If the US reacts positively to stimulus news upon markets opening, this could all be invalidated quickly. I'm bearish , but what do you guys think? This could make a decent short position depending on which route you want to take. I'll personally be putting in a leveraged long at support.
Moving averages and stochastics are showing bearish signals on the 4 HR . We're in a large descending triangle . Inside that, we're also seeing an upwards broadening wedge play out. I think we're going to break lower to the support around $11.50. This would be a great buying opportunity. If the US reacts positively to stimulus news upon markets opening, this could all be invalidated quickly. I'm bearish , but what do you guys think? This could make a decent short position depending on which route you want to take. I'll personally be putting in a leveraged long at support.
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.