BULLISH
- Potential end of Wave 2, we are on the end of correction, bears show weakness
- Bullish divergence on RSI
- MFI extremely oversold
- Rising wedge
- Perfect stop loss hunt area
- Best spot for swing with good RR (between golden ration 0.618 and 0.854)
- If next H4 candle is bullish, good price action (Bullish abandoned baby pattern)
BEARISH
- On Balance Volume show a slight bearish divergence
- $3215 is one of the last support, below this point comes the invalidation of the scenario
- Potential end of Wave 2, we are on the end of correction, bears show weakness
- Bullish divergence on RSI
- MFI extremely oversold
- Rising wedge
- Perfect stop loss hunt area
- Best spot for swing with good RR (between golden ration 0.618 and 0.854)
- If next H4 candle is bullish, good price action (Bullish abandoned baby pattern)
BEARISH
- On Balance Volume show a slight bearish divergence
- $3215 is one of the last support, below this point comes the invalidation of the scenario
Trade active
Short term bearish flag, no volume reaction, we probably go a little bit deeper before bounce.Note
Inverted head and shoulders on H1 + OBV bullish divergence$3500 could be the reversal area
Trade active
Sorry potential inverted head ans shoulders!Trade active
Inverted head and shoulders completed on small time frames.Trade active
Trade active
$4500 area is first key level for new uptrendTrade closed: target reached
+50%
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.