This is the chart that I follow.
There was a Bearish Bat or Gartley , rejected from the resistance D point. So we dropped down to 0.618.
Now there is a macd divergence on 4H chart, and momentum is decreasing, so we should go down soon.
Its also a possibility that we may test the resistances for the last time, so that will also make an RSI divergence.
There was a Bearish Bat or Gartley , rejected from the resistance D point. So we dropped down to 0.618.
Now there is a macd divergence on 4H chart, and momentum is decreasing, so we should go down soon.
Its also a possibility that we may test the resistances for the last time, so that will also make an RSI divergence.
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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.