On the 3 day here, you can see strong bearish divergence on the RSI. Right now I am playing for a bearish bat harmonic structure. I am looking to enter a short after price touches the 2.618 fib. This would complete the pattern, giving me more confidence in a short position to about the 61.8 which shares confluence with past high to lows.
If there is something contradicting this setup please comment below so I can have a second look. Much appreciated - stay safe out there.
If there is something contradicting this setup please comment below so I can have a second look. Much appreciated - stay safe out there.
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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.