Short term correction for another bull trend continuation.
Short term correction for another bull trend continuation.
Price is currently testing at major resistance with strong RSI divergence on the Daily Chart with a potential Double Top forming.
For this week:
Short term Sell*
A potential counter-trend trade would be to take the trade on H4/H1 if there is a bear flag or a double top formation where the RSi shows Multiple divergence.
Will continue to monitor this through out the week.
Note
We are at a very interesting level as mentioned.
RSI Div level is spot on.. time to wait for confirmation.
Note
Note
Possible regular flat.
Invalid if breaks through. Will re-assess later
Trade closed: target reached
TP hit. Out.
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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.