Be Aware of Bearish Divergence on Nasdaq?
Triple Top on Key Resistance level, Head and Shoulders. Monitor at every top that hits resistance, the RSI on triple top making lower highs, showing a downward trend on RSI while candles are showing uptrend. Does this signal that there is some potential fears in the market? Especially with FOMC minutes tomorrow. Is bond tapering coming? Plus, there is a Doji Candle closing today.
Keep Monitoring. Tomorrow FOMC might keep bond buying stable and could breakout to a new high? or Bearish Divergence breakout?
Keep Monitoring. Tomorrow FOMC might keep bond buying stable and could breakout to a new high? or Bearish Divergence breakout?
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