1) TLs confluence mark an important change in trend, either a breakout or a breakdown. Go long on BO DTL with volume, EP 0.575. TP at immediate weekly resistance at 0.65. alternatively, TP on trendline breakdown.
2) RSI divergence pose a possible bearish reversal if price breakdown from the mini triangle structure.
TAYOR
2) RSI divergence pose a possible bearish reversal if price breakdown from the mini triangle structure.
TAYOR
Note
Price broke down 1H triangle structure and move to next trendline support
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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.