Descending triangle after a drop is a bearish signal.
At the moment of writing the volume is also descending,
so even if we get a break to the upside I think it'll just be another fakeout.
Something else to mention is that more longs are closing, and more shorts are
opening which is a bad sign to me also.
So I guess next price target is around 5320 Euros.
At the moment of writing the volume is also descending,
so even if we get a break to the upside I think it'll just be another fakeout.
Something else to mention is that more longs are closing, and more shorts are
opening which is a bad sign to me also.
So I guess next price target is around 5320 Euros.
Comment:
ascending wedge forming so I'm still short until 5320.