Bearish triangle of Y wave target on 7k

27 янв. 2018 г.

Complex correction with a triangle showing up. Last two pushes show that the pattern is close to end. Bears set themselves on highs, bulls on lows, and there is void in between. It could break two ways but long side is much less probable (strong momentum in the fall, then flat triangle correction). I would short this just below the triangle, with stoploss just above and limit buy close on 7k. If there is bullish fake breakout before, I would go short on 10500-10300 (breakout fully negated) with more risk since trapped bulls liquidations would add to the success probability nicely.