Price action has recently broken out of a sustained uptrend and completed a retest of the former trendline support, now acting as resistance. This behavior suggests a potential bearish setup is developing.
📉 Entry Level: ~198.700
🛑 Stop Loss: 199.200
🎯 Take Profit Targets:
• TP1: 196.515
• TP2: 194.521
We’re now watching for confirmation to enter short, anticipating a move toward the stated profit targets should momentum continue to shift in favor of the bears.
📉 Entry Level: ~198.700
🛑 Stop Loss: 199.200
🎯 Take Profit Targets:
• TP1: 196.515
• TP2: 194.521
We’re now watching for confirmation to enter short, anticipating a move toward the stated profit targets should momentum continue to shift in favor of the bears.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.