1. All timeframes are massively overbought with RSI
2. There is a triple top on H1 and H4 with a lot of divergence
3. Trend is still up, so look to exit with any indicator
4. There is a AB=CD pattern on H1 and H4 which shows that this trade will finally retrace
5. Target 1 is at 20200
6. Previous days high is not broken which shows there is a lot of resistance at this level.
2. There is a triple top on H1 and H4 with a lot of divergence
3. Trend is still up, so look to exit with any indicator
4. There is a AB=CD pattern on H1 and H4 which shows that this trade will finally retrace
5. Target 1 is at 20200
6. Previous days high is not broken which shows there is a lot of resistance at this level.
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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.
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.