So yeah. The big yellow bear flag. 👀
The confluence of indicators:-
PA Range: Maintains a consistant range of 25% since JAN 22
Fibonanci: 0.382 confluence with top of PA Range Level
Red Box: Major resistance level developed since JAN 21
Green Box: This is major support zone. The short play would be filled here.
OBV: resitance zone could make for a nice divergence given time. Regardless - it is still acting resistance.
---------
Cherry on top would be RSI creating bearish divergence in line with the RED selling zone
💀
The confluence of indicators:-
PA Range: Maintains a consistant range of 25% since JAN 22
Fibonanci: 0.382 confluence with top of PA Range Level
Red Box: Major resistance level developed since JAN 21
Green Box: This is major support zone. The short play would be filled here.
OBV: resitance zone could make for a nice divergence given time. Regardless - it is still acting resistance.
---------
Cherry on top would be RSI creating bearish divergence in line with the RED selling zone
💀
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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.