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JP225 is sitting around a strong round number 30k so we will be looking for sell setups on lower timeframes.
on M30: JP225 formed like a double top pattern but it is not ready to go yet. We want the sellers to take over by breaking below the last low.
Trigger => Waiting for a momentum candle below the gray area to sell.
Until the sell is activated, JP225 would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
JP225 is sitting around a strong round number 30k so we will be looking for sell setups on lower timeframes.
on M30: JP225 formed like a double top pattern but it is not ready to go yet. We want the sellers to take over by breaking below the last low.
Trigger => Waiting for a momentum candle below the gray area to sell.
Until the sell is activated, JP225 would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT