Vwap acted as support
good price by trend
everyone are still fearful
BECAUSE theres a hidden RSI bearish divergence i will only take this long IF it retraces to previous resistance trendline and it acts as support (market structure change and reversal)
if it sweeps 290 I will look for the retrace at a higher price.
like previous resistance.
The reason i dont want to long here specifically is because i want higher probabilities in my favor.
good price by trend
everyone are still fearful
BECAUSE theres a hidden RSI bearish divergence i will only take this long IF it retraces to previous resistance trendline and it acts as support (market structure change and reversal)
if it sweeps 290 I will look for the retrace at a higher price.
like previous resistance.
The reason i dont want to long here specifically is because i want higher probabilities in my favor.
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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.