- Price is bumping against a key daily resistance zone
- Showing a reversal wedge pattern + clear divergence on the last three peaks (price making higher highs while RSI makes lower highs)
- This tells us the upside momentum is running out of steam
On the 1 hour chart:
- We've got a clean head & shoulders pattern forming
- If price breaks the neckline (that green zone), that's your sell signal
- I've marked my personal sell setup on the chart
Remember: This is just my take - always do your own risk management.
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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.