15m:
- Bearish divergence
- Strong resistance level
- No higher high
1h:
- MACD about to cross south
- RSI oversold, cross SMA south, not into neutrol zone yet
- Small doji candles, no decision could be made while volume is declining
- Strong resistance
4h:
- BB + 4 candles
- DOJI candle
- RSI oversold, about to cross into neutral zone
- Fibonacci 0.618 broken, maye a retest of 0.5 is realistic, after wich we can continue the uptrend??
Please let me know in the comments what you think of this idea, I'm a beginning trader so I would apreciate every form of feedback.
Thanks!
- Bearish divergence
- Strong resistance level
- No higher high
1h:
- MACD about to cross south
- RSI oversold, cross SMA south, not into neutrol zone yet
- Small doji candles, no decision could be made while volume is declining
- Strong resistance
4h:
- BB + 4 candles
- DOJI candle
- RSI oversold, about to cross into neutral zone
- Fibonacci 0.618 broken, maye a retest of 0.5 is realistic, after wich we can continue the uptrend??
Please let me know in the comments what you think of this idea, I'm a beginning trader so I would apreciate every form of feedback.
Thanks!
Note
Not sure if theres maybe an ascending triangle forming on the 15m charts. I will wait for trendreversal confirmation before positioning my shorts. What I want to see is the RSI's of higher time frames to cross into neutral zone and start a downtrend and Lower Lows on 15m to cofirm downtrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.