1. Obvious divergence present (momentum/price)
2. Sideways movement
3. missed daily and weekly pivots below the current level
Go short on break of horizontal resistance at 9895
Target: 9690 (38.2 Fib retracement, half a way to the missed weekly pivot)
SL: 10050 - above the recent high
2. Sideways movement
3. missed daily and weekly pivots below the current level
Go short on break of horizontal resistance at 9895
Target: 9690 (38.2 Fib retracement, half a way to the missed weekly pivot)
SL: 10050 - above the recent high
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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.
Related publications
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.