Hello world,
Theory:
possible trend reversal at res. level
We have:
- overbought RSI
- long term trend: SHORT
- Wykoff expansion phase / possible beginning of trend phase
- price action at res. level
- decreasing candle size indicating momentum loss
What I am waiting for:
- break of the short term trend line (red)
Happy to take feedback.
All the best,
c4ss10p314
Theory:
possible trend reversal at res. level
We have:
- overbought RSI
- long term trend: SHORT
- Wykoff expansion phase / possible beginning of trend phase
- price action at res. level
- decreasing candle size indicating momentum loss
What I am waiting for:
- break of the short term trend line (red)
Happy to take feedback.
All the best,
c4ss10p314
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.
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.