4H CHART EXPLANATION:
Price Broke Out a Major Resistance with a strong Ascending Movement. Now it s on a Triangle Pattern showing Weakness on the Bullish move:
- Bearish Divergence MACD
- Resistance zone at 5356
- Weekly Descending Trendline
If price breaks out the Ascending Trend Line of the Triangle below 5187.3 we expect a Corrective Down movement Towards 4880.6. We will be looking fot Sell setups on the Mentioned area.
Updates comming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
Price Broke Out a Major Resistance with a strong Ascending Movement. Now it s on a Triangle Pattern showing Weakness on the Bullish move:
- Bearish Divergence MACD
- Resistance zone at 5356
- Weekly Descending Trendline
If price breaks out the Ascending Trend Line of the Triangle below 5187.3 we expect a Corrective Down movement Towards 4880.6. We will be looking fot Sell setups on the Mentioned area.
Updates comming soon!
MULTI TIMEFRAME VISION:
- Weekly
- Daily
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.
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.