Hi traders, looking back about a year ago you can see
- a H&S had formed in the daily chart which might be completed soon.
- Yesterday‘s candle was a red hammer, a warning that a resistance level had been reached.
- Price has pierced the upper bollinger band.
- stochastic and RSI are overbought
- price was rejected near the upper trendline of the falling wedge.
So I expect a reversal and decided to go short yesterday :
entry 148
SL 153
TP 109
Maybe I am totally wrong and tomorrow the uptrend continues.
What do you think?
- a H&S had formed in the daily chart which might be completed soon.
- Yesterday‘s candle was a red hammer, a warning that a resistance level had been reached.
- Price has pierced the upper bollinger band.
- stochastic and RSI are overbought
- price was rejected near the upper trendline of the falling wedge.
So I expect a reversal and decided to go short yesterday :
entry 148
SL 153
TP 109
Maybe I am totally wrong and tomorrow the uptrend continues.
What do you think?
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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.