Incredible risk reward opportunity here, could be seen as a wedge or a double top breakdown. This is a coinflip I am personally taking.
The indicators are telling us there is some bearish momentum to this one with a low rsi on a retest of the trendline/horizontal support and an already bearish MACD.
Not financial advice.
The indicators are telling us there is some bearish momentum to this one with a low rsi on a retest of the trendline/horizontal support and an already bearish MACD.
Not financial advice.
Note
Can take some profit here due to an inverse head and shoulders appeaering with some bullish indicator on the 1hour timeframe.
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.