1- Price has been struggling to breakout previous HL since 22nd May
but went vain to date. Which show lack of interest from buyers.
2- Candles with upper wicks and RSI is taking resistance from 60
level on hourly is evident that price will retrace further.
3- Bearish divergence on daily confirming is also confirming the
retracement will proceed. The price may retrace in between
152~192 to form a right shoulder before and impulsive move or
else price need to break and retest the previous LH area to
confirm an impulsive move to start.
4- Keep monitoring for both above mentioned scenarios.
but went vain to date. Which show lack of interest from buyers.
2- Candles with upper wicks and RSI is taking resistance from 60
level on hourly is evident that price will retrace further.
3- Bearish divergence on daily confirming is also confirming the
retracement will proceed. The price may retrace in between
152~192 to form a right shoulder before and impulsive move or
else price need to break and retest the previous LH area to
confirm an impulsive move to start.
4- Keep monitoring for both above mentioned scenarios.
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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.
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.