the question is can we break through the neckline and close below it ?!
If yes we have a nice short trade here with a lot of space to the downside.
What i also like for a short is the 200 sma lines up with the neckline and in case of a break i see this as an double confirmation.
On the other hand a long scenario is also possible.
We already see a bullish daily candle as an reaction to the support last friday .
If yes we have a nice short trade here with a lot of space to the downside.
What i also like for a short is the 200 sma lines up with the neckline and in case of a break i see this as an double confirmation.
On the other hand a long scenario is also possible.
We already see a bullish daily candle as an reaction to the support last friday .