Chart Patterns: On weekly timeframe, NAS reaches the D-point projection of ABCD pattern
Divergence: There is a very strong RSI Bearish Divergence on 4hr timeframe
Divergence: There is a very strong RSI Bearish Divergence on 4hr timeframe
Note
Reasons behind the Trade:- Chart Patterns: On weekly timeframe, NAS reaches the D-point projection of ABCD pattern
- Divergence: There is a very strong RSI Bearish Divergence on 4hr timeframe
- Candlesticks: NAS makes an Evening Star candlestick pattern on 4hr timeframe, and Shooting star pattern on 1d timeframe
- Seasonals: JUN is bullish 5/10 times in last 10 yrs
- DOW: NAS makes HH in a Bullish trend
Follow your Risk Management plan, All the Best!
~ Usama
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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.