short target to 7500$ with possible doubletop.
we are now retesting the uptrend line that was broken out(29th Mar.)
1Hr chart with bearish harmonic pattern
RSI bearish divergence. on 1Hr & 4Hr chart
1D chart.
based on wave analysis, it seems like a upward corrective movement.
I see 8200~8300 as a heavy resistance, but bullish movement from 7900~8000 level is still strong.(on 15m) short term double-top is expected. (or even slightly Higher high)
possible entry points are when short term gartley pattern is formed for when double top is completed.
entered short at 8200 but, still see strong bull moves.
1Hr chart with bearish harmonic pattern
RSI bearish divergence. on 1Hr & 4Hr chart
1D chart.
based on wave analysis, it seems like a upward corrective movement.
I see 8200~8300 as a heavy resistance, but bullish movement from 7900~8000 level is still strong.(on 15m) short term double-top is expected. (or even slightly Higher high)
possible entry points are when short term gartley pattern is formed for when double top is completed.
entered short at 8200 but, still see strong bull moves.
Note
the neckline of double topOR
H/S can be TP #1 for our short position.
Trade closed manually
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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.