Daily chart analysis
VXRT after making some parabolic moves upwards back in June/July 2020, it has been in a Symmetrical Triangle pattern for well over a year now.
Price broke down from pattern in Dec. 2021, pulled back to previous support and bounced off it turning it into resistance.
With the breakdown, we also have a Death cross signaling bear market.
Will Be entering trade to short
Entry: 6.03
Stoploss: 5.50
Target: 4.00
VXRT after making some parabolic moves upwards back in June/July 2020, it has been in a Symmetrical Triangle pattern for well over a year now.
Price broke down from pattern in Dec. 2021, pulled back to previous support and bounced off it turning it into resistance.
With the breakdown, we also have a Death cross signaling bear market.
Will Be entering trade to short
Entry: 6.03
Stoploss: 5.50
Target: 4.00
Comment:
updating target: 4.00 or trailing 10 ema
Trade closed: target reached:
Exit - 4.93 - +18.24% - 1.13 RR ratio
Stop loss: 7.00