Look to be setting up for a correction
We have Full Pattern Divergence. and DIV since RSI has been in the Overbought state until now on the 4HR.
Something to review Monday so just noting this on a chart next week.
We have Full Pattern Divergence. and DIV since RSI has been in the Overbought state until now on the 4HR.
Something to review Monday so just noting this on a chart next week.
Trade active
Nice patterns in play on the smaller 5, 15 and 30 min time frames, all Diverging entries.Looks a completed wave 3 top on the 4HR
Long and short term
Trade active
If you are looking for a second entry, we have a nice flag setting up.If you are longer term can quite possibly purchase @ market. with an SL above high
Trade closed: target reached
TP1 382 retrace complete.B point and 618 TP2 and 3 still active.
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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.