Idea: Short
Horizon: 1-3 weeks
Target 1: 302.99
Target 2: 293.26
Target 3: 285.95
Potential of the idea: 9.85%
Stop order: $319.54
Technical analysis
The price is approaching an important resistance level without any significant corrections. Such levels are rarely broken through on the first try. We assume that a corrective movement will start soon. It is necessary to wait for reversal patterns on the younger time frames and then enter a Short position to the nearest support zone (the trade is highly risky). There, you can already look for reversal patterns in Long since the trend on the asset is ascending.
The RR ratio when reaching Target 1: 1 to 2.3. After reaching Target 1, we advise moving the stop-loss to breakeven.
You can only enter after confirmation on younger time frames.
Horizon: 1-3 weeks
Target 1: 302.99
Target 2: 293.26
Target 3: 285.95
Potential of the idea: 9.85%
Stop order: $319.54
Technical analysis
The price is approaching an important resistance level without any significant corrections. Such levels are rarely broken through on the first try. We assume that a corrective movement will start soon. It is necessary to wait for reversal patterns on the younger time frames and then enter a Short position to the nearest support zone (the trade is highly risky). There, you can already look for reversal patterns in Long since the trend on the asset is ascending.
The RR ratio when reaching Target 1: 1 to 2.3. After reaching Target 1, we advise moving the stop-loss to breakeven.
You can only enter after confirmation on younger time frames.