As you can see in the chart. The price has reached strong resistance. When the red line breaks, the head and shoulder pattern is confirmed. When the red line breaks around the price of 12.80-12.70, the entry trigger is issued .
Also we have bearish divergence on RSI and volume decreasing.
Entry Price : By breaking red line
TP 1 : 11.95 $
TP 2 : 11.5 $
TP 3 : 10.80 $
Also we have bearish divergence on RSI and volume decreasing.
Entry Price : By breaking red line
TP 1 : 11.95 $
TP 2 : 11.5 $
TP 3 : 10.80 $
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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.