I know I posted an earlier chart where I tried to depict a short before long but this is another possible scenario:
Can see a triple bottom forming + RSI on 6H giving a try at an upwards cross. Would play this with a tight stop and check if support holds.
Happy trading
Can see a triple bottom forming + RSI on 6H giving a try at an upwards cross. Would play this with a tight stop and check if support holds.
Happy trading
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We might see on smaller scale an inverted head & shoulders to confirm triple bottom. Trade is risky, stay safe with tight stop as mentionned
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Doesn't look so good, the bounce failed. False breakdown ? Who knows, would recommend getting out for safety.