Rising wedge on the hourly + bearish RSI divergence, good time to go short
We can wait for a breakdown of support which would give us confirmation that the rising wedge is in play
profits as mentioned in the graph, TP3 is the uptrend on the daily timeframe
Our Stop loss is a break of resistance
We can wait for a breakdown of support which would give us confirmation that the rising wedge is in play
profits as mentioned in the graph, TP3 is the uptrend on the daily timeframe
Our Stop loss is a break of resistance
Trade active
Note
Note
falling wedge played out
7.3K is possible reversal area so profit should be taken here
Note
I mean rising wedge*Trade closed: target reached
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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.