Entry at 114.137
TP 1 at 112.521
TP 2 at 111.706
Harmonic Price pattern nearing completion + Bearish Flag + Divergence
Price is currently just below Monthly resistance, 200 SMA, and 38.2% retracement. It has been unsuccessful in making higher highs beyond this point for quite some time now.
Let me know your thoughts!
TP 1 at 112.521
TP 2 at 111.706
Harmonic Price pattern nearing completion + Bearish Flag + Divergence
Price is currently just below Monthly resistance, 200 SMA, and 38.2% retracement. It has been unsuccessful in making higher highs beyond this point for quite some time now.
Let me know your thoughts!
Note
Price just broke through monthly resistance but since it's a sudden bullish move, expect a retracement and/or retest of broken resistance. Note also that price is an extremely overbought level.
Order cancelled
Price has managed to maintain bullish momentum after breaking monthly resistance.
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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.