Price made a lower low, but RSI formed a higher low, signaling weakening bearish momentum. This could indicate a potential reversal or relief bounce.
Always confirm with volume and price action before entering trades. Manage risk, as false breakouts can occur.
What’s your take? Bounce or breakdown? Share your thoughts!
Always confirm with volume and price action before entering trades. Manage risk, as false breakouts can occur.
What’s your take? Bounce or breakdown? Share your thoughts!
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.
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.