PA is at a pivotal level.
A clear break and close below 154.75 gives a strong sell signal. A bounce here to back above 155.75 could signal a reversal and the start of the final leg up of what could then become a double bottom with the neckline at about 164 and a completion of this pattern at around 171 - 172.
To support this long position we have the stoch and RSI being oversold on 4H and Weekly. Especially the 4H is heavily oversold.
The candles also indicate a struggle going on at current levels (154.75 - 155).
A clear break and close below 154.75 gives a strong sell signal. A bounce here to back above 155.75 could signal a reversal and the start of the final leg up of what could then become a double bottom with the neckline at about 164 and a completion of this pattern at around 171 - 172.
To support this long position we have the stoch and RSI being oversold on 4H and Weekly. Especially the 4H is heavily oversold.
The candles also indicate a struggle going on at current levels (154.75 - 155).
Note
And it closed lower. This can get interesting, especially fundamentally.
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.