Potential bearish crab setup
Although there is naked structure of resistance and no confluence, I would like to see some bearish divergence on the RSI to confirm this pattern reversal. Nasdaq have been bullish quite sometime and it is indeed due for pullback to catch a breathe.. This pattern could very well confirm that. Looking to take a target no more than previous resistance now turn support at the X leg.
******************************************************************************
For inquires of education, live trading room, or prop trader funding email
epicdaytradinggmail.com
Skype: epicdaytrading
PH: +1 940-448-0281
******************************************************************************
******************************************************************************
For inquires of education, live trading room, or prop trader funding email
epicdaytradinggmail.com
Skype: epicdaytrading
PH: +1 940-448-0281
******************************************************************************
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.