NATTY is extremely overextended and finds itself on the 0.5 Fib retracement after accumulating a substantial bearish divergence on the 4hr.
After breaking out of the cup & handle, it has yet retested those areas which it will IMHO.
NATTY often peaks in the middle of May which is often followed my strong consolidation into May, before it really gets going in June/July.
After breaking out of the cup & handle, it has yet retested those areas which it will IMHO.
NATTY often peaks in the middle of May which is often followed my strong consolidation into May, before it really gets going in June/July.
Note
Interestingly similar set up Note
As seen this time of year, 4 years ago. Note
I'm short from here and following my plan.Don't follow my post blindly and do your own due diligence!
GOOD LUCK!
Trade active
Has set off wellTrade active
A bounce was expected, however not a new monthly high.This has lead to a further RSI bearish divergence. This will be coming down.
Note
Double top on the daily bearish RSI divergence Trade closed: stop reached
Isn't stopping - CLOSED
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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.