Bearish indications:
Bearish divergence in day time frame.
Evening star/Bearish engulfer candle in 1 hr time frame.
Bearish engulfer in day time frame indicates possible top of this rally which is at distribution.
Unable to break the previous high.
Made a low and currently at lower high.
Support level at 37627 is broken.
Bullish indications:
HHHL in higher time frame intact.
Trade plan bias short @ 37687
SL:37823
Tp1:37547.8
TP2:37464.3
Bearish divergence in day time frame.
Evening star/Bearish engulfer candle in 1 hr time frame.
Bearish engulfer in day time frame indicates possible top of this rally which is at distribution.
Unable to break the previous high.
Made a low and currently at lower high.
Support level at 37627 is broken.
Bullish indications:
HHHL in higher time frame intact.
Trade plan bias short @ 37687
SL:37823
Tp1:37547.8
TP2:37464.3
Note
TP1 HITTrade closed: target reached
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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.